South Dakota § 47-1A-1431.3 - Shareholder right to avoid dissolution by purchase of petitioner shares--Notice.
Full text of South Dakota South Dakota Codified Laws § 47-1A-1431.3 — Shareholder right to avoid dissolution by purchase of petitioner shares--Notice., with citation guidance and answers to common questions.
§ 47-1A-1431.3. Shareholder right to avoid dissolution by purchase of petitioner shares--Notice.
Within ten days of the commencement of a proceeding under subdivision 47-1A-1430(2) to dissolve a corporation that has no shares listed on a national securities exchange or regularly traded in a market maintained by one or more members of a national or affiliated securities association, the corporation shall send to all shareholders, other than the petitioner, a notice stating that the shareholders are entitled to avoid the dissolution of the corporation by electing to purchase the petitioner's shares under §§ 47-1A-1434 to 47-1A-1434.7, inclusive and accompanied by a copy of §§ 47-1A-1434 to 47-1A-1434.7, inclusive.
Source: SL 2005, ch 239, § 335.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-1431.3
What does South Dakota Codified Laws § 47-1A-1431.3 cover?
Section 47-1A-1431.3 ("Shareholder right to avoid dissolution by purchase of petitioner shares--Notice.") 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-1431.3?
A common citation format is "South Dakota Codified Laws § 47-1A-1431.3" (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-1431.3 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.