South Dakota Codified Laws > Title 47 > Chapter 11 – Medical Corporations
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Terms Used In South Dakota Codified Laws > Title 47 > Chapter 11 - Medical Corporations
- Appeal: A request made after a trial, asking another court (usually the court of appeals) to decide whether the trial was conducted properly. To make such a request is "to appeal" or "to take an appeal." One who appeals is called the appellant.
- Articles of incorporation: includes the articles of organization of a limited liability company. See South Dakota Codified Laws 47-11-1.1
- 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.
- Grantor: The person who establishes a trust and places property into it.
- Incorporation: includes the members of a limited liability company. See South Dakota Codified Laws 47-11-1.1
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
- officer: includes any manager of a limited liability company or the members of a limited liability company that does not have managers. See South Dakota Codified Laws 47-11-1.1
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Revocable trust: A trust agreement that can be canceled, rescinded, revoked, or repealed by the grantor (person who establishes the trust).
- Shareholders: includes the members of a limited liability company. See South Dakota Codified Laws 47-11-1.1
- Statute: A law passed by a legislature.
- Testimony: Evidence presented orally by witnesses during trials or before grand juries.
- written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2