State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-01a > Statute-47-1a-863-1

47-1A-863.1. Quorum of qualified shareholders. A majority of the votes entitled to be cast by the holders of all qualified shares constitutes a quorum for purposes of action that complies with § 47-1A-863. Subject to the provisions of §§ 47-1A-863.2 and 47-1A-863.3, shareholders' action that otherwise complies with § 47-1A-863 is not affected by the presence of holders, or the voting, of shares that are not qualified shares.

Source: SL 2005, ch 239, § 191.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-01a > Statute-47-1a-863-1

47-1A-863.1. Quorum of qualified shareholders. A majority of the votes entitled to be cast by the holders of all qualified shares constitutes a quorum for purposes of action that complies with § 47-1A-863. Subject to the provisions of §§ 47-1A-863.2 and 47-1A-863.3, shareholders' action that otherwise complies with § 47-1A-863 is not affected by the presence of holders, or the voting, of shares that are not qualified shares.

Source: SL 2005, ch 239, § 191.