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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 13B - Professional Corporations For The Practice Of Public Accounting > Section 47-13B-6 - Disposition of shares held by person no longer qualified.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-13B-6 - Disposition of shares held by person no longer qualified.

47-13B-6. Disposition of shares held by person no longer qualified. Provisions shall be made requiring any shareholder who ceases to be eligible to be a shareholder to dispose of all his shares forthwith, either to the corporation or to any person having the qualifications prescribed in § 47-13B-5.

Source: SL 1971, ch 260, § 1 (5).

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