Section 47-1A-863.2 - Notice by director of all shares beneficially owned or voting of which iscontrolled by director or relative. - South-dakota Statutes

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Statutes > South-dakota > Title-47 > Chapter-01a > Statute-47-1a-863-2

47-1A-863.2. Notice by director of all shares beneficially owned or voting of which is controlled by director or relative. For purposes of compliance with § 47-1A-863, a director who has a conflicting interest respecting the transaction shall, before the shareholders' vote, inform the secretary, or other office or agent of the corporation authorized to tabulate votes, of the number, and the identity of persons holding or controlling the vote, of all shares that the director knows are beneficially owned, or the voting of which is controlled, by the director or by a related person of the director, or both.

Source: SL 2005, ch 239, § 192.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-01a > Statute-47-1a-863-2

47-1A-863.2. Notice by director of all shares beneficially owned or voting of which is controlled by director or relative. For purposes of compliance with § 47-1A-863, a director who has a conflicting interest respecting the transaction shall, before the shareholders' vote, inform the secretary, or other office or agent of the corporation authorized to tabulate votes, of the number, and the identity of persons holding or controlling the vote, of all shares that the director knows are beneficially owned, or the voting of which is controlled, by the director or by a related person of the director, or both.

Source: SL 2005, ch 239, § 192.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-01a > Statute-47-1a-863-2

47-1A-863.2. Notice by director of all shares beneficially owned or voting of which is controlled by director or relative. For purposes of compliance with § 47-1A-863, a director who has a conflicting interest respecting the transaction shall, before the shareholders' vote, inform the secretary, or other office or agent of the corporation authorized to tabulate votes, of the number, and the identity of persons holding or controlling the vote, of all shares that the director knows are beneficially owned, or the voting of which is controlled, by the director or by a related person of the director, or both.

Source: SL 2005, ch 239, § 192.