49-30-23. Transfer of stock--Stock deemed personal property.
The stock of every corporation organized under this chapter is deemed personal estate, and is transferable in the manner prescribed in its bylaws, subject to the provisions of §§57A-8-301 to 57A-8-307, inclusive, and §§57A-8-401 to 57A-8-407, inclusive, but no share is transferable until all previous calls have been fully paid in.
Source: SDC 1939, §52.1308; SL 2021, ch 200, § 1.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 30 - Telephone And Telegraph Corporations
Section 49-30-2 - Affidavit of directors--Contents of affidavit--Filing with secretary of state.
Section 49-30-3 - Certificate of incorporation--Name of corporation--Powers.
Section 49-30-4 - Powers of corporation--Survey for proposed pole line--Entry upon property.
Section 49-30-5 - Powers of corporation--Holding property for accessory facilities.
Section 49-30-7 - Powers of corporation--Construction along waters and highways.
Section 49-30-8 - Powers of corporation--Connection with preexisting lines--Expense of connection.
Section 49-30-9 - Powers of corporation--Transmission of messages.
Section 49-30-10 - Powers of corporation--Accessory facilities.
Section 49-30-11 - Powers of corporation--Rules and regulations for transmission of messages.
Section 49-30-12 - Powers of corporation--Condemnation of real property.
Section 49-30-13 - Board of directors--Election--Terms of office--Director as stockholder.
Section 49-30-14 - Voting for directors--Filling vacancies.
Section 49-30-15 - Meeting for election of directors--Notice of meeting--Waiver of notice.
Section 49-30-17 - Notice to stockholders--Notice by mail.
Section 49-30-18 - Exhibition of corporate books and records.
Section 49-30-19 - Officers of corporation--Appointment by directors.
Section 49-30-20 - Subscriptions for capital stock.
Section 49-30-23 - Transfer of stock--Stock deemed personal property.
Section 49-30-24 - Liability of stockholders--Stock held by fiduciary or as collateral security.