South Dakota Codified Laws 40-25-12. Operation as nonprofit corporation–Purposes
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A purebred livestock registry association shall operate as a nonprofit–making corporation and for the promotion of the purebred livestock industry by educational and regulatory measures.
Terms Used In South Dakota Codified Laws 40-25-12
- 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: SDC 1939, § 40.1605.