Subject to § 47-10-2, any business development credit corporation shall have the power to participate with any duly authorized federal lending agency in the making of loans.

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Terms Used In South Dakota Codified Laws 47-10-8

  • 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 1957, ch 314, § 2; SDC Supp 1960, § 55.6002 (6).