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Fractional shares--Scrip.

SDCL § 47-1A-604
in effect
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47-1A-604. Fractional shares--Scrip. A corporation may: (1) Issue fractions of a share or pay in money the value of fractions of a share; (2) Arrange for disposition of fractional shares by the shareholders; (3) Issue scrip in registered or bearer form entitling the holder to receive a full share upon surrendering enough scrip to equal a full share. SL 2005, ch 239, § 60.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-604Fetched: 10/20/2026

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