{"data":{"id":"us-sd/sdcl-47-1a-627.2","jurisdiction":"us-sd","citation":"SDCL § 47-1A-627.2","heading":"Terms of restriction on transfer or registration of transfer of shares.","body":"A restriction on the transfer or registration of transfer of shares may:\n(1) Obligate the shareholder first to offer the corporation or other persons, separately, consecutively, or simultaneously, an opportunity to acquire the restricted shares;\n(2) Obligate the corporation or other persons, separately, consecutively, or simultaneously, to acquire the restricted shares;\n(3) Require the corporation, the holders of any class of its shares, or another person to approve the transfer of the restricted shares, if the requirement is not manifestly unreasonable;\n(4) Prohibit the transfer of the restricted shares to designated persons or classes of persons, if the prohibition is not manifestly unreasonable.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-627.2","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"f24a9f5c6240391a5376710324407f48419e6355d1746cf2473fb2dd3cb6b1da","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-627.1","next":"us-sd/sdcl-47-1a-628"},"notice":"GroundRules: Original legal text. Not legal advice."}