S.D. Codified Laws § 47-11A-3

Current through the 2024 Legislative Session

Section 47-11A-3 - Powers and privileges restricted to corporate purpose

A corporation formed under § 47-11A-1 may exercise the powers and privileges conferred upon corporations by the laws of the State of South Dakota only in furtherance of and subject to its corporate purpose.

SDCL 47-11A-3

SL 1970, ch 258, § 1 (3).