{"data":{"id":"us-sd/sdcl-47-1a-604","jurisdiction":"us-sd","citation":"SDCL § 47-1A-604","heading":"Fractional shares--Scrip.","body":"A corporation may:\n(1) Issue fractions of a share or pay in money the value of fractions of a share;\n(2) Arrange for disposition of fractional shares by the shareholders;\n(3) Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-604","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"edcdd924992f523bd41fdb00e14d4e80f48ea360c1904e331d181a7d335ca229","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-603.1","next":"us-sd/sdcl-47-1a-604.1"},"notice":"GroundRules: Original legal text. Not legal advice."}