Payment for shares of amount offered in notice to specified shareholders.

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. South Dakota Business Corporation Act
  5. Payment for shares of amount offered in notice to specified shareholders.

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47-1A-1325.3. Payment for shares of amount offered in notice to specified shareholders.

Within forty days after sending the notice described in §47-1A-1325.1, the corporation must pay in cash the amount it offered to pay under subdivision 47-1A-1325.1(2) to each shareholder described in subdivision 47-1A-1325.1(5).

Source: SL 2005, ch 239, §298.


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