South Dakota Codified Laws 47-23-11. Corporations without members entitled to vote–Powers of directors
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If a corporation has no members or its members have no right to vote, the directors shall have the sole voting power.
Terms Used In South Dakota Codified Laws 47-23-11
- 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, § 17.