SD · constitutions
S.D. Const. art. XVII, § 8
Stocks and bonds--Indebtedness increase
No corporation shall issue stocks or bonds except for money, labor done, or money or property actually received; and all fictitious increase of stock or indebtedness shall be void. The stock and indebtedness of corporations shall not be increased except in pursuance of general law, nor without the consent of the persons holding the larger amount in value of the stock first obtained, at a meeting to be held after sixty days notice given in pursuance of law.
History
Repeal proposed by SL 2008, ch 1, § 3 rejected Nov. 4, 2008. Amendment proposed by SL 2012, ch 264, § 6 rejected Nov. 6, 2012.
Provenance
- Source
- sdlegislature.gov
- Retrieved
- 2026-09-24
- Edition
- 2026-09-24
- Content hash
a4b016d42746544bf51eb38c1fb56927ee2019e61162d18a1376932bddd2e09c
The link goes to the issuing authority’s own document — the one we read to produce this record. Where a source publishes whole titles rather than sections, your browser may need a moment to jump to the provision.
Unofficial copy of government-published law, reproduced from official sources with full provenance. Not an official publication; verify against official sources before relying on it in a filing. Records in the 'guidance' corpus, and only that corpus, are sub-regulatory (interpretive guidelines, survey procedures) and are not binding law. Validity bounds follow each jurisdiction's declared temporalBasis.