South Dakota Codified Laws 47-22-52. Powers of corporation–Perpetual succession
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Each corporation shall have power to have perpetual succession by its corporate name unless a limited period of duration is stated in its articles of incorporation.
Terms Used In South Dakota Codified Laws 47-22-52
- 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, § 11.1405; SL 1965, ch 24, § 5 (1).