South Dakota Codified Laws 47-1A-1603. Scope of inspection right
A shareholder’s agent or attorney has the same inspection and copying rights as the shareholder represented.
The right to copy records under §§ 47-1A-1602 to 47-1A-1602.3, inclusive, includes, if reasonable, the right to receive copies by xerographic or other means, including copies through an electronic transmission if available and so requested by the shareholder.
Terms Used In South Dakota Codified Laws 47-1A-1603
- 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.
The corporation may comply at its expense with a shareholder’s demand to inspect the record of shareholders under subdivision 47-1A-1602.1(3) by providing the shareholder with a list of shareholders that was compiled no earlier than the date of the shareholder’s demand.
The corporation may impose a reasonable charge, covering the costs of labor and material, for copies of any documents provided to the shareholder. The charge may not exceed the estimated cost of production, reproduction, or transmission of the records.
Source: SL 2005, ch 239, § 377.