The provisions of the law governing private corporations apply to corporations formed under this chapter, including their organization, and they enjoy the powers and privileges and are subject to the duties, restrictions, and liabilities of other corporations, except so far as limited or enlarged by this chapter.

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Terms Used In South Dakota Codified Laws 47-11D-23

  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.

Source: SL 1993, ch 337, § 23.

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