Section 47-1A-721.2 - Voting entitlement of redeemable shares. - South Dakota Statutes

47-1A-721.2. Voting entitlement of redeemable shares. 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.

Source: SL 2005, ch 239, § 98.