South Dakota Codified Laws 47-10-10. Incorporators
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Five or more natural persons of the age of twenty–one years or more, may act as incorporators by signing, acknowledging, filing, and recording articles of incorporation for a business development credit corporation.
Terms Used In South Dakota Codified Laws 47-10-10
- 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 1957, ch 314, § 1; SDC Supp 1960, § 55.6001.