South Dakota Codified Laws 47-22-53. Powers of corporation–Capacity to sue and be sued
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Each corporation shall have power to sue and be sued, complain and defend, in its corporate name.
Terms Used In South Dakota Codified Laws 47-22-53
- 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, § 5 (2).