For AI agents: read the machine-readable documentation index at /llms.txt or the single-file full reference at /llms-full.txt.
Form a Business

Shares without certificates.

SDCL § 47-1A-626
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
47-1A-626. Shares without certificates. Unless the articles of incorporation or bylaws provide otherwise, the board of directors of a corporation may authorize the issue of some or all of the shares of any or all of its classes or series without certificates. The authorization does not affect shares already represented by certificates until they are surrendered to the corporation. Within a reasonable time after the issue or transfer of shares without certificates, the corporation shall send the shareholder a written statement of the information required on certificates by §§ 47-1A-625 and 47-1A-625.1, and, if applicable, §§ 47-1A-627 to 47-1A-627.2, inclusive. SL 2005, ch 239, § 73.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-626Fetched: 10/20/2026

Starting a business in South Dakota? South Dakota LLC guide: costs and requirements