South Dakota Codified Laws 4-11-8. Period of transactions covered by audit–Exceptions
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No examination or audit of the books and accounts of a public corporation shall extend back more than six years from the date such examination is commenced, unless by request of the governing body thereof or upon petition of not less than ten percent of the taxpayers thereof as shown by the last assessment roll, or in case of the state upon order of the Governor.
Terms Used In South Dakota Codified Laws 4-11-8
- 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.
Source: SL 1943, ch 258, § 5; SDC Supp 1960, § 55.2905.