South Dakota Codified Laws 47-22-64. Powers of corporation–Donations–Wartime donations
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Each corporation shall have power to make donations for the public welfare or for charitable, scientific, or educational purposes; and in time of war to make donations in aid of war activities.
Terms Used In South Dakota Codified Laws 47-22-64
- 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 1965, ch 24, § 5 (13).