Prerequisites to shareholder right to inspect and copy records specified in § 47-1A-1602.1
Known as the South Dakota Business Corporation Act
The act spans §§ 47-1A-1001 to 47-1A-957 (383 sections).
Source: SL 2005, ch 239, § 375.
A shareholder may inspect and copy the records described in § 47-1A-1602.1 only if:
(1) Demand is made in good faith and for a proper purpose;
(2) The shareholder describes with reasonable particularity the purpose and the records the shareholder desires to inspect; and
(3) The records are directly connected with the purpose.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.