Section 49-30-23 - Transfer of stock--Stock deemed personal property.
49-30-23. Transfer of stock--Stock deemed personal property. The stock of every corporation organized under this chapter shall be deemed personal estate, and shall be transferable in the manner prescribed in its bylaws, subject to the provisions of §§ 57A-8-301 to 57A-8-320.1, inclusive, and §§ 57A-8-401 to 57A-8-406, inclusive, but no share shall be transferable until all previous calls shall have been fully paid in.
Source: SDC 1939, § 52.1308.