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Form a Business

Subpart definitions.

SDCL § 47-1A-740
in effect
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47-1A-740. Subpart definitions. Terms used in §§ 47-1A-741 to 47-1A-747, inclusive, mean: (1) "Derivative proceeding," a civil suit in the right of a domestic corporation or, to the extent provided in § 47-1A-747, in the right of a foreign corporation; (2) "Shareholder," includes a beneficial owner whose shares are held in a voting trust or held by a nominee on the beneficial owner's behalf. SL 2005, ch 239, § 123.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-740Fetched: 10/20/2026

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