South Dakota Codified Laws > Title 40 > Chapter 37 – Predator Control Districts
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Terms Used In South Dakota Codified Laws > Title 40 > Chapter 37 - Predator Control Districts
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Quorum: The number of legislators that must be present to do business.