South Dakota Codified Laws 47-27-7. Corporate name as affecting right to certificate–Purpose indicated by name
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No certificate of authority shall be issued to a foreign corporation if the corporate name of such corporation shall contain any word or phrase which indicates or implies that it is organized for any purpose other than one or more of the purposes contained in its articles of incorporation.
Terms Used In South Dakota Codified Laws 47-27-7
- 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, § 67 (1).