South Dakota Codified Laws 47-1A-1202.4. Abandonment of disposition
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After a disposition has been approved by the shareholders under § 47-1A-1202.1, and at any time before the disposition has been consummated, it may be abandoned by the corporation without action by the shareholders, subject to any contractual rights of other parties to the disposition.
Terms Used In South Dakota Codified Laws 47-1A-1202.4
- 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.
Source: SL 2005, ch 239, § 277.