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

Source: SDC 1939, § 52.1308; SL 2021, ch 200 , § 1.