South Dakota § 47-1A-1202.1 - Resolution authorizing disposition--Recommendation and submission of resolution to shareholders--Conditions.
Full text of South Dakota South Dakota Codified Laws § 47-1A-1202.1 — Resolution authorizing disposition--Recommendation and submission of resolution to shareholders--Conditions., with citation guidance and answers to common questions.
§ 47-1A-1202.1. Resolution authorizing disposition--Recommendation and submission of resolution to shareholders--Conditions.
A disposition that requires approval of the shareholders under § 47-1A-1202 shall be initiated by a resolution by the board of directors authorizing the disposition. After adoption of such a resolution, the board of directors shall submit the proposed disposition to the shareholders for their approval. The board of directors shall also transmit to the shareholders a recommendation that the shareholders approve the proposed disposition, unless the board of directors makes a determination that because of conflicts of interest or other special circumstances it should not make such a recommendation, in which case the board of directors shall transmit to the shareholders the basis for that determination.
The board of directors may condition its submission of a disposition to the shareholders under this section on any basis.
Source: SL 2005, ch 239, § 274.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-1202.1
What does South Dakota Codified Laws § 47-1A-1202.1 cover?
Section 47-1A-1202.1 ("Resolution authorizing disposition--Recommendation and submission of resolution to shareholders--Conditions.") 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-1202.1?
A common citation format is "South Dakota Codified Laws § 47-1A-1202.1" (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-1202.1 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.