47-13B-6. Disposition of shares held by person no longer qualified.
39 words·~1 min read·
/sd/title-47/chapter-47-13/47-13b-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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 .