{"data":{"id":"us-sd/sdcl-47-1a-640","jurisdiction":"us-sd","citation":"SDCL § 47-1A-640","heading":"Distributions to shareholders authorized--Distribution entitlement date.","body":"A board of directors may authorize, and the corporation may make, distributions to its shareholders subject to restriction by the articles of incorporation and the limitation in § 47-1A-640.1. If the board of directors does not fix the record date for determining shareholders entitled to a distribution, other than one involving a purchase, redemption, or other acquisition of the corporation's shares, it is the date the board of directors authorizes the distribution.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-640","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d82d2a2ba783d31e6c3cb0a4d8c18be40a6d31bc98f16b01f919fd42b98a71a9","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-631","next":"us-sd/sdcl-47-1a-640.1"},"notice":"GroundRules: Original legal text. Not legal advice."}