Effective date of written notice by domestic or foreign corporation to shareholder.

1. Law
2. South Dakota Codified Laws
3. Corporations
4. South Dakota Business Corporation Act
5. Effective date of written notice by domestic or foreign corporation to shareholder.

47-1A-141.2. Effective date of written notice by domestic or foreign corporation to shareholder.

Written notice by a domestic or foreign corporation to its shareholder, if in a comprehensible form, is effective upon deposit in the United States mail, if mailed postpaid and correctly addressed to the shareholder's address shown in the corporation's current record of shareholders; or when electronically transmitted to the shareholder in a manner authorized by the shareholder.

Source: SL 2005, ch 239, §22.

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