South Dakota Codified Laws 47-1A-625.2. Signatures on certificate–Seal
Current as of: 2023 | Check for updates
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Each share certificate shall be signed, either manually or in facsimile, by two officers designated in the bylaws or by the board of directors and may bear the corporate seal or its facsimile. If the person who signed a share certificate no longer holds office when the certificate is issued, the certificate is nevertheless valid.
Terms Used In South Dakota Codified Laws 47-1A-625.2
- Person: includes an individual and an entity. See South Dakota Codified Laws 47-1A-140
- Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. See South Dakota Codified Laws 2-14-2
Source: SL 2005, ch 239, § 72.