Chapters 47-22 to 47-28, inclusive, shall be known and may be cited as the “South Dakota Nonprofit Corporation Act.”

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Terms Used In South Dakota Codified Laws 47-22-78

  • 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, § 1.