{"data":{"id":"us-sd/sdcl-47-1a-604.3","jurisdiction":"us-sd","citation":"SDCL § 47-1A-604.3","heading":"Issuance of script--Authorization by board of directors--Conditions.","body":"The board of directors may authorize the issuance of scrip subject to any condition considered desirable, including:\n(1) That the scrip will become void if not exchanged for full shares before a specified date; and\n(2) That the shares for which the scrip is exchangeable may be sold and the proceeds paid to the scripholders.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-604.3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"8ab703268b354be98dc8baf7488279f6725811f44c899693bd1b988cccfd1a28","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-604.2","next":"us-sd/sdcl-47-1a-620"},"notice":"GroundRules: Original legal text. Not legal advice."}