South Dakota § 47-1A-602 - Classification or reclassification of unissued shares determined by board of directors.
Full text of South Dakota South Dakota Codified Laws § 47-1A-602 — Classification or reclassification of unissued shares determined by board of directors., with citation guidance and answers to common questions.
§ 47-1A-602. Classification or reclassification of unissued shares determined by board of directors.
If the articles of incorporation so provide, the board of directors, without shareholder approval, may:
(1) Classify any unissued shares into one or more classes or into one or more series within a class;
(2) Reclassify any unissued shares of any class into one or more classes or into one or more series within one or more classes; or
(3) Reclassify any unissued shares of any series of any class into one or more classes or into one or more series within a class.
Source: SL 2005, ch 239, § 56.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-602
What does South Dakota Codified Laws § 47-1A-602 cover?
Section 47-1A-602 ("Classification or reclassification of unissued shares determined by board of directors.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 47-1A-602?
A common citation format is "South Dakota Codified Laws § 47-1A-602" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 47-1A-602 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.