49-33-21. Transfer of stock--Stock deemed personal property.

The stock of every corporation organized under this chapter is deemed personal property and is transferable in the manner prescribed by its bylaws, and 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 and assessments on the share have been fully paid.

Source: SDC 1939, § 52.1507; SL 2021, ch 200, § 4.