To the extent not inconsistent with any emergency bylaws adopted pursuant to § 47-22-35, the bylaws of the corporation shall remain in effect during any emergency described in § 47-22-35 and upon its termination the emergency bylaws shall cease to be operative.

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Terms Used In South Dakota Codified Laws 47-22-39

  • 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 1965, ch 24, § 14.