South Dakota Codified Laws 9-3-27. Exemption of historical or educational municipality from public control
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Such corporation shall not be subject to any management or control of the state except as specifically provided by the State Legislature or under the normal police powers of the local governmental subdivision in which it is situated.
Terms Used In South Dakota Codified Laws 9-3-27
- 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: SL 1970, ch 55, § 5.