47-1A-603.1. Outstanding shares--Shares with unlimited voting rights and entitled to receipt of net assets upon dissolution required.
42 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-603-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
At all times that shares of the corporation are outstanding, one or more shares that together have unlimited voting rights and one or more shares that together are entitled to receive the net assets of the corporation upon dissolution must be outstanding.