South Dakota Codified Laws 37-28-1. Definitions
Terms used in this chapter, unless the context otherwise plainly requires, mean:
(1) “Act of Congress,” the Act of Congress approved June 18, 1934, entitled an act to provide for the establishment, operation and maintenance of foreign trade zones in ports of entry of the United States, to expedite and encourage foreign commerce, and for other purposes, as amended, and commonly known as the Foreign Trade Zones Act of 1934;
Terms Used In South Dakota Codified Laws 37-28-1
- 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.
(2) “Private corporation,” a corporation organized under §§ 47-1A-101 to 47-1A-863.3, inclusive, §§ 47-1A-1001 to 47-1A-1021, inclusive, and §§ 47-1A-1201 to 47-1A-1202.6, inclusive, one of the purposes of which is to establish, operate and maintain a foreign trade zone by itself or in conjunction with a public corporation;
(3) “Public corporation,” this state; a political subdivision of this state; any municipality therein; any public agency of the state, of any public subdivision in the state or of any municipality in the state; or any other corporate instrumentality of this state.
Source: SL 1984, ch 261, § 1; SL 2005, ch 202, § 2.