Votes required for adoption of proposal to dissolve.
SDCL § 47-1A-1402.3
in effect47-1A-1402.3. Votes required for adoption of proposal to dissolve.
Unless the articles of incorporation or the board of directors acting pursuant to § 47-1A-1402.1 require a greater vote, a greater number of shares to be present, or a vote by voting groups, adoption of the proposal to dissolve shall require the approval of the shareholders at a meeting at which a quorum consisting of at least a majority of the votes entitled to be cast exists.
SL 2005, ch 239, § 312.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-1402.3Fetched: 10/20/2026
