47-1A-604.2. Rights of holder of fractional share--Scrip.
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/sd/title-47/chapter-47-1/47-1a-604-2·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The holder of a fractional share is entitled to exercise the rights of a shareholder, including the right to vote, to receive dividends, and to participate in the assets of the corporation upon liquidation. The holder of scrip is not entitled to any of these rights unless the scrip so provides.