South Dakota Codified Laws 47-22-2.1. Applicability to corporations existing prior to 1965
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Any nonprofit corporation in existence prior to 1965 may continue to operate as provided by its charter notwithstanding chapters 47-22 to 47-28, inclusive.
Terms Used In South Dakota Codified Laws 47-22-2.1
- 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 1984, ch 300.