South Dakota Codified Laws 47-1A-1325.3. Payment for shares of amount offered in notice to specified shareholders
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Within forty days after sending the notice described in § 47-1A-1325.1, the corporation must pay in cash the amount it offered to pay under subdivision 47-1A-1325.1(2) to each shareholder described in subdivision 47-1A-1325.1(5).
Terms Used In South Dakota Codified Laws 47-1A-1325.3
- 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, § 298.