Unless the articles of incorporation or the board of directors acting pursuant to § 47-1A-1402.1 require a greater vote, a greater number of shares to be present, or a vote by voting groups, adoption of the proposal to dissolve shall require the approval of the shareholders at a meeting at which a quorum consisting of at least a majority of the votes entitled to be cast exists.

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Terms Used In South Dakota Codified Laws 47-1A-1402.3

  • Quorum: The number of legislators that must be present to do business.

Source: SL 2005, ch 239, § 312.