State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-11a > Statute-47-11a-6

47-11A-6. Disposition of shares when shareholder no longer eligible. Provisions shall be made requiring any shareholder of a corporation formed under § 47-11A-1 who ceases to be eligible to be a shareholder to dispose of all his shares forthwith either to the corporation or to any person having the qualifications prescribed in § 47-11A-5.

Source: SL 1970, ch 258, § 1 (5).

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-11a > Statute-47-11a-6

47-11A-6. Disposition of shares when shareholder no longer eligible. Provisions shall be made requiring any shareholder of a corporation formed under § 47-11A-1 who ceases to be eligible to be a shareholder to dispose of all his shares forthwith either to the corporation or to any person having the qualifications prescribed in § 47-11A-5.

Source: SL 1970, ch 258, § 1 (5).