South Dakota Codified Laws 47-1A-1202.2. Meeting of shareholders to consider disposition–Notice
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If a disposition is required to be approved by the shareholders under § 47-1A-1202, and if the approval is to be given at a meeting, the corporation shall notify each shareholder, whether or not entitled to vote, of the meeting of shareholders at which the disposition is to be submitted for approval. The notice shall state that the purpose, or one of the purposes, of the meeting is to consider the disposition and shall contain a description of the disposition, including the terms and conditions thereof and the consideration to be received by the corporation.
Terms Used In South Dakota Codified Laws 47-1A-1202.2
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 2005, ch 239, § 275.