Preferred or guaranteed stocks--Method of computing value approved by director.

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  2. South Dakota Codified Laws
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  4. Valuation Of Assets, Liabilities And Reserves
  5. Preferred or guaranteed stocks--Method of computing value approved by director.

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58-26-4. Preferred or guaranteed stocks--Method of computing value approved by director.

Preferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the discretion of the director and in accordance with such method of computation as he may approve.

Source: SL 1966, ch 111, ch 5, §13 (2).


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