South Dakota Codified Laws 47-15-7. Issuance of certificate of incorporation–Certificate as conclusive evidence of proper incorporation
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Upon receipt of the articles of incorporation and payment of the required fees the secretary of state shall issue a certificate of incorporation. The certificate of incorporation shall be conclusive evidence, except as against the state in a proceeding to cancel or revoke such certificate, that all conditions precedent to corporate existence have been met.
Terms Used In South Dakota Codified Laws 47-15-7
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
- Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
Source: SDC 1939, § 11.1108 as enacted by SL 1965, ch 23, § 1.