{"data":{"id":"us-sd/sdcl-47-1a-721.1","jurisdiction":"us-sd","citation":"SDCL § 47-1A-721.1","heading":"Limitation on voting entitlement of shares when owned by a second corporation--Shares held in fiduciary capacity.","body":"Absent special circumstances, the shares of a corporation are not entitled to vote if they are owned, directly or indirectly, by a second corporation, domestic or foreign, and the first corporation owns, directly or indirectly, a majority of the shares entitled to vote for directors of the second corporation. This section does not limit the power of a corporation to vote any shares, including its own shares, held by it in a fiduciary capacity.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-721.1","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"5e9eed1e7dcd3b1001a236401cf22fe4462b55ab065fe1d868801d28b68e2152","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-721","next":"us-sd/sdcl-47-1a-721.2"},"notice":"GroundRules: Original legal text. Not legal advice."}