South Dakota Codified Laws 47-1A-625. Form and content of certificates generally
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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;
Terms Used In South Dakota Codified Laws 47-1A-625
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Person: includes an individual and an entity. See South Dakota Codified Laws 47-1A-140
- Statute: A law passed by a legislature.
(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.
Source: SL 2005, ch 239, § 70.