Subject to § 47-10-2, any business development credit corporation shall have the power to establish and regulate the terms and conditions of any loans under § 47-10-4 and the charges for interest or service connected therewith.

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Terms Used In South Dakota Codified Laws 47-10-5

  • 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 1957, ch 314, § 2; SDC Supp 1960, § 55.6002 (3).