Section 47-1A-730.1 - Extension of voting trust for additional terms--Agreement. - South Dakota Statutes

47-1A-730.1. Extension of voting trust for additional terms--Agreement. All or some of the parties to a voting trust may extend it for additional terms of not more than ten years each by signing written consent to the extension. An extension is valid for ten years from the date the first shareholder signs the extension agreement. The voting trustee must deliver copies of the extension agreement and list of beneficial owners to the corporation's principal office. An extension agreement binds only those parties signing it.

Source: SL 2005, ch 239, § 114.