47-1A-601.1. Classes or series of shares articles of incorporation required to authorize.
58 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-601-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The articles of incorporation shall authorize:
(1)One or more classes or series of shares that together have unlimited voting rights; and
(2)One or more classes or series of shares, which may be the same class or classes as those with voting rights, that together are entitled to receive the net assets of the corporation upon dissolution.