South Dakota Codified Laws 47-22-57. Powers of corporation–Lending money
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Each corporation shall have power to lend money to its employees other than its officers and directors, and otherwise assist its employees, officers, and directors.
Terms Used In South Dakota Codified Laws 47-22-57
- 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 (6).