South Dakota Codified Laws 47-1A-722.5. Acceptance of proxy’s vote or other action–Limitations
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Subject to §§ 47-1A-724 and 47-1A-724.1 and to any express limitation on the proxy’s authority stated in the appointment form or electronic transmission, a corporation is entitled to accept the proxy’s vote or other action as that of the shareholder making the appointment.
Terms Used In South Dakota Codified Laws 47-1A-722.5
- 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, § 104.