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Issuance of script--Authorization by board of directors--Conditions.

SDCL § 47-1A-604.3
in effect
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47-1A-604.3. Issuance of script--Authorization by board of directors--Conditions. The board of directors may authorize the issuance of scrip subject to any condition considered desirable, including: (1) That the scrip will become void if not exchanged for full shares before a specified date; and (2) That the shares for which the scrip is exchangeable may be sold and the proceeds paid to the scripholders. SL 2005, ch 239, § 63.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-1A-604.3Fetched: 10/20/2026

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