South Dakota Codified Laws 47-1A-863.1. Quorum of qualified shareholders
Current as of: 2023 | Check for updates
|
Other versions
A majority of the votes entitled to be cast by the holders of all qualified shares constitutes a quorum for purposes of action that complies with § 47-1A-863. Subject to the provisions of §§ 47-1A-863.2 and 47-1A-863.3, shareholders’ action that otherwise complies with § 47-1A-863 is not affected by the presence of holders, or the voting, of shares that are not qualified shares.
Terms Used In South Dakota Codified Laws 47-1A-863.1
- Quorum: The number of legislators that must be present to do business.
Source: SL 2005, ch 239, § 191.