South Dakota Codified Laws 47-1A-141.2. Effective date of written notice by domestic or foreign corporation to shareholder
Current as of: 2023 | Check for updates
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Written notice by a domestic or foreign corporation to its shareholder, if in a comprehensible form, is effective upon deposit in the United States mail, if mailed postpaid and correctly addressed to the shareholder’s address shown in the corporation’s current record of shareholders; or when electronically transmitted to the shareholder in a manner authorized by the shareholder.
Terms Used In South Dakota Codified Laws 47-1A-141.2
- 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.
- United States: includes district, authority, bureau, commission, department, and any other agency of the United States. See South Dakota Codified Laws 47-1A-140
Source: SL 2005, ch 239, § 22.