Votes required for adoption of proposal to dissolve

SDCL § 47-1A-1402.3 — under SOUTH DAKOTA BUSINESS CORPORATION ACT.

SDCL § 47-1A-1402.3

Unless the articles of incorporation or the board of directors acting pursuant to § 47-1A-1402.1 require a greater vote, a greater number of shares to be present, or a vote by voting groups, adoption of the proposal to dissolve shall require the approval of the shareholders at a meeting at which a quorum consisting of at least a majority of the votes entitled to be cast exists. Source: SL 2005, ch 239 , § 312.