{"data":{"id":"us-sd/sdcl-47-1a-723","jurisdiction":"us-sd","citation":"SDCL § 47-1A-723","heading":"Shares held by nominees.","body":"A corporation may establish a procedure by which the beneficial owner of shares that are registered in the name of a nominee is recognized by the corporation as the shareholder. The extent of this recognition may be determined in the procedure. The procedure may set forth:\n(1) The types of nominees to which it applies;\n(2) The rights or privileges that the corporation recognizes in a beneficial owner;\n(3) The manner in which the procedure is selected by the nominee;\n(4) The information that must be provided when the procedure is selected;\n(5) The period for which selection of the procedure is effective; and\n(6) Other aspects of the rights and duties created.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-1A. SOUTH DAKOTA BUSINESS CORPORATION ACT"],"source_url":"https://sdlegislature.gov/Statutes/47-1A-723","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"5fbe609df21aa14e1aa96dea02d098ef9ff0fff998d8af4b03bf9726a8ca3819","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-1a-722.5","next":"us-sd/sdcl-47-1a-724"},"notice":"GroundRules: Original legal text. Not legal advice."}