S.D. Codified Laws § 47-1A-721.2
Current through the 2024 Legislative Session
Redeemable shares are not entitled to vote after notice of redemption is mailed to the holders and a sum sufficient to redeem the shares has been deposited with a bank, trust company, or other financial institution under an irrevocable obligation to pay the holders the redemption price on surrender of the shares.
SDCL 47-1A-721.2