Only a cooperative or corporation doing business in this state pursuant to this chapter shall use both the words “electric” and “cooperative” in its name.

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Terms Used In South Dakota Codified Laws 47-21-4

  • 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 1947, ch 33, § 5; SDC Supp 1960, § 11.2205.