<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-1A-1325.2 - Payment for shares upon shareholder acceptance of offer in notice. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068360Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068360SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068360CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068360Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068360DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068360000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068360SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068360SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2068360Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1325.2"><span class="s2068360SENU">47-1A-1325.2</span></a><span xml:space="preserve" class="s2068360SENU">. </span><span class="s2068360CL">Payment for shares upon shareholder acceptance of offer in notice.</span></p><p dir="ltr" class="s2068360Normal-000000"><span xml:space="preserve" class="s2068360DefaultParagraphFont">Within ten days after receiving the shareholder's acceptance pursuant to § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1325.1"><span class="s2068360DefaultParagraphFont">47-1A-1325.1</span></a><span xml:space="preserve" class="s2068360DefaultParagraphFont">, the corporation must pay in cash the amount it offered under subdivision </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-1325.1"><span class="s2068360DefaultParagraphFont">47-1A-1325.1</span></a><span class="s2068360DefaultParagraphFont">(2) to each shareholder who agreed to accept the corporation's offer in full satisfaction of the shareholder's demand.</span></p><p dir="ltr" class="s2068360Normal"><span xml:space="preserve" class="s2068360000001"> </span></p><p dir="ltr" class="s2068360Normal"><span class="s2068360SCL">Source:</span><span xml:space="preserve" class="s2068360SCL-000002"> SL 2005, ch 239, § 297.</span></p></div></body></html>