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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 01A - South Dakota Business Corporation Act > Section 47-1A-1202.4 - Abandonment of disposition.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-1A-1202.4 - Abandonment of disposition.

47-1A-1202.4. Abandonment of disposition. After a disposition has been approved by the shareholders under § 47-1A-1202.1, and at any time before the disposition has been consummated, it may be abandoned by the corporation without action by the shareholders, subject to any contractual rights of other parties to the disposition.

Source: SL 2005, ch 239, § 277.

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