47-33-8. Control share acquisition--Voting rights.
Unless the corporation's articles expressly provide, before the control share acquisition, that §§47-33-8 to 47-33-16, inclusive, do not apply to control share acquisitions of shares of the corporation, the shares of a domestic public corporation acquired by an acquiring person in a control share acquisition that exceed the threshold of voting power of any of the ranges specified in subdivision 47-33-9(4) shall have only the voting rights as shall be accorded to them pursuant to §47-33-12.
Source: SL 1990, ch 369, §201.
Structure South Dakota Codified Laws
Chapter 33 - South Dakota Domestic Public Corporation Takeover Act
Section 47-33-1 - Citation of chapter.
Section 47-33-2 - Declaration of public policy.
Section 47-33-3 - Definition of terms.
Section 47-33-4 - Factors considered by board in discharging duties.
Section 47-33-5 - Creation of shares--Rights and options.
Section 47-33-6 - Right to sue.
Section 47-33-7 - Conflicting provisions of law.
Section 47-33-8 - Control share acquisition--Voting rights.
Section 47-33-9 - Information statement by control share acquisitioner--Controls.
Section 47-33-10 - Request for special meeting by acquiring person--Consideration of voting rights.
Section 47-33-11 - Notice of special shareholders meeting.
Section 47-33-12 - Voting rights of shares acquired in control share acquisition.
Section 47-33-14 - Right to demand fair value of voting shares--Notice of right of demand.
Section 47-33-17 - Business combinations between corporation and interested shareholder.