South Dakota § 47-1A-732.3 - Limitations on effectiveness of agreement--Amendment to articles of incorporation or bylaws.
Full text of South Dakota South Dakota Codified Laws § 47-1A-732.3 — Limitations on effectiveness of agreement--Amendment to articles of incorporation or bylaws., with citation guidance and answers to common questions.
§ 47-1A-732.3. Limitations on effectiveness of agreement--Amendment to articles of incorporation or bylaws.
An agreement authorized by § 47-1A-732 shall cease to be effective when shares of the corporation are 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. If the agreement ceases to be effective for any reason, the board of directors may, if the agreement is contained or referred to in the corporation's articles of incorporation or bylaws, adopt an amendment to the articles of incorporation or bylaws, without shareholder action, to delete the agreement and any references to it.
Source: SL 2005, ch 239, § 119.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-1A-732.3
What does South Dakota Codified Laws § 47-1A-732.3 cover?
Section 47-1A-732.3 ("Limitations on effectiveness of agreement--Amendment to articles of incorporation or bylaws.") 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-732.3?
A common citation format is "South Dakota Codified Laws § 47-1A-732.3" (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-732.3 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.