§ 47-13B-6 Disposition of shares held by person no longer qualified.

SD Codified L § 47-13B-6 (2019) (N/A)
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47-13B-6. Disposition of shares held by person no longer qualified. Provisions shall be made requiring any shareholder who ceases to be eligible to be a shareholder to dispose of all his shares forthwith, either to the corporation or to any person having the qualifications prescribed in § 47-13B-5.

Source: SL 1971, ch 260, § 1 (5).