49-33-21. Transfer of stock--Stock deemed personal property. The stock of every corporation organized under this chapter shall be deemed personal property and shall be transferable in the manner prescribed by its bylaws, and subject to the provisions of §§ 57A-8-301 to 57A-8-320.1, inclusive and 57A-8-401 to 57A-8-406, inclusive, but no shares shall be transferable until all previous calls and assessments thereon shall have been fully paid.
Source: SDC 1939, § 52.1507.
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