SDCL tit. 16, ch. 17, app TO CHAPTER 16-17, art. II, 2.2

Current through the 2024 Legislative Session

Mutual Benefit

The State Bar, for the mutual benefit of its Members:

a. must at all times be operated in compliance with IRC § 501(c)(6);

b. may not pay interest or a dividend on any capital furnished by its Members; and,

c. may form, or be an owner or member of, one or more entities it deems necessary or appropriate to accomplish the State Bar mission provided any such entity's activities do not conflict with South Dakota Law or Supreme Court rule.

SDCL tit. 16, ch. 17, app TO CHAPTER 16-17, art. II, 2.2