47-1A-625. Form and content of certificates generally.
92 words·~1 min read·
/sd/title-47/chapter-47-1/47-1a-625·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Shares may but need not be represented by certificates. Unless this chapter or another statute expressly provides otherwise, the rights and obligations of shareholders are identical whether or not their shares are represented by certificates. At a minimum each share certificate shall state on its face:
(1)The name of the issuing corporation and that it is organized under the law of this state;
(2)The name of the person to whom issued; and
(3)The number and class of shares and the designation of the series, if any, the certificate represents.