South Dakota § 47-1A-640 - Distributions to shareholders authorized--Distribution entitlement date.
Full text of South Dakota South Dakota Codified Laws § 47-1A-640 — Distributions to shareholders authorized--Distribution entitlement date., with citation guidance and answers to common questions.
§ 47-1A-640. Distributions to shareholders authorized--Distribution entitlement date.
A board of directors may authorize, and the corporation may make, distributions to its shareholders subject to restriction by the articles of incorporation and the limitation in § 47-1A-640.1. If the board of directors does not fix the record date for determining shareholders entitled to a distribution, other than one involving a purchase, redemption, or other acquisition of the corporation's shares, it is the date the board of directors authorizes the distribution.
Source: SL 2005, ch 239, § 80.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-640
What does South Dakota Codified Laws § 47-1A-640 cover?
Section 47-1A-640 ("Distributions to shareholders authorized--Distribution entitlement date.") 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-640?
A common citation format is "South Dakota Codified Laws § 47-1A-640" (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-640 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.