S.D. Codified Laws § 47-33-8

Current through the 2024 Legislative Session
Section 47-33-8 - Control share acquisition-Voting rights

Unless the corporation's articles expressly provide, before the control share acquisition, that §§ 47-33-8 to 47-33-16, inclusive, do not apply to control share acquisitions of shares of the corporation, the shares of a domestic public corporation acquired by an acquiring person in a control share acquisition that exceed the threshold of voting power of any of the ranges specified in subdivision 47-33-9(4) shall have only the voting rights as shall be accorded to them pursuant to § 47-33-12.

SDCL 47-33-8

SL 1990, ch 369, § 201.