South Dakota Codified Laws 47-1A-1103.5. Acquisition of shares in transactions other than share exchange
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The provisions of §§ 47-1A-1103 to 47-1A-1103.1, inclusive, do not limit the power of a domestic corporation to acquire shares of another corporation or interests in another entity in a transaction other than a share exchange.
Terms Used In South Dakota Codified Laws 47-1A-1103.5
- 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.
- Entity: includes domestic and foreign business corporation. See South Dakota Codified Laws 47-1A-140
Source: SL 2005, ch 239, § 260.