South Dakota Codified Laws 47-11F-12. Ownership of property–Investment of funds
Current as of: 2023 | Check for updates
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A professional corporation may own real and personal property necessary or appropriate for rendering professional service and may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment.
Terms Used In South Dakota Codified Laws 47-11F-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: SL 2000, ch 219, § 12.