Payment for shares upon shareholder acceptance of offer in notice

SDCL § 47-1A-1325.2 — under SOUTH DAKOTA BUSINESS CORPORATION ACT.

SDCL § 47-1A-1325.2

Within ten days after receiving the shareholder's acceptance pursuant to § 47-1A-1325.1 , the corporation must pay in cash the amount it offered under subdivision 47-1A-1325.1 (2) to each shareholder who agreed to accept the corporation's offer in full satisfaction of the shareholder's demand. Source: SL 2005, ch 239 , § 297.