Skip to main content
CourtGPT logoCourtGPT
Directory
Law
For Attorneys
Blog
AppointmentsSign InSign Up
§ 47-1a-603-1 — South Dakota Law | CourtGPT
  1. Home/
  2. Laws/
  3. South Dakota/
  4. Title 47 - Corporations/
  5. Chapter 01a - South Dakota Business Corporation Act/
  6. § 47-1a-603-1
South Dakota Legal Code

§ 47-1a-603-1

Ask AI about this
47-1A-603.1. Outstanding shares--Shares with unlimited voting rights and entitled to receipt of net assets upon dissolution required.At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding. Source: SL 2005, ch 239, §59.