South Dakota Codified Laws 47-10-7. Promotion of local development corporations
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Subject to § 47-10-2, any business development credit corporation shall have the power to promote the establishment of local industrial development corporations in the various communities of the state, to enter into agreements with them, and to cooperate with, assist and otherwise encourage such local foundations.
Terms Used In South Dakota Codified Laws 47-10-7
- 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, § 2; SDC Supp 1960, § 55.6002 (5).