S.D. Codified Laws § 47-22-69

Current through the 2024 Legislative Session
Section 47-22-69 - Ultra vires unavailable to invalidate transfers of property

No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such conveyance or transfer.

SDCL 47-22-69

SL 1965, ch 24, § 6.