South Dakota Codified Laws 62-1-7. Executive officers as employees of corporations–Exception as to nonprofit corporations
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Every duly elected or appointed executive officer of a corporation, other than a charitable, religious, educational, or other nonprofit corporation, shall be an employee of such corporation under this title.
Terms Used In South Dakota Codified Laws 62-1-7
- 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: SDC 1939, § 64.0102 (2) (b) as added by SL 1957, ch 495; SL 1959, ch 454.