§ 47-33-1 Citation of chapter
§ 47-33-2 Declaration of public policy
§ 47-33-3 Definition of terms
§ 47-33-4 Factors considered by board in discharging duties
§ 47-33-5 Creation of shares–Rights and options
§ 47-33-6 Right to sue
§ 47-33-7 Conflicting provisions of law
§ 47-33-8 Control share acquisition–Voting rights
§ 47-33-9 Information statement by control share acquisitioner–Controls
§ 47-33-10 Request for special meeting by acquiring person–Consideration of voting rights
§ 47-33-11 Notice of special shareholders meeting
§ 47-33-12 Voting rights of shares acquired in control share acquisition
§ 47-33-13 Redemption of shares in absence of information statement or negative vote byshareholders
§ 47-33-14 Right to demand fair value of voting shares–Notice of right of demand
§ 47-33-15 Written demand for fair value of shares–Remittance by acquiring person–Court settlementafter sixty days–Court procedure–Costs
§ 47-33-16 Application of chapter to acquiring person–Application to non-public domesticcorporations
§ 47-33-17 Business combinations between corporation and interested shareholder
§ 47-33-18 Required conditions for business combination–Aggregate amount of cash and markedvalue–Consideration–Beneficial owners

Terms Used In South Dakota Codified Laws > Title 47 > Chapter 33 - South Dakota Domestic Public Corporation Takeover Act

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • 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.
  • Discovery: Lawyers' examination, before trial, of facts and documents in possession of the opponents to help the lawyers prepare for trial.
  • Entitlement: A Federal program or provision of law that requires payments to any person or unit of government that meets the eligibility criteria established by law. Entitlements constitute a binding obligation on the part of the Federal Government, and eligible recipients have legal recourse if the obligation is not fulfilled. Social Security and veterans' compensation and pensions are examples of entitlement programs.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Trustee: A person or institution holding and administering property in trust.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2