South Dakota Codified Laws 47-24-1. Books, records, minutes, and member lists
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Each corporation shall keep correct and complete books and records of account and shall keep minutes of the proceedings of its members, board of directors, and committees having any of the authority of the board of directors; and shall keep at its registered office or principal office a record of the names and addresses of its members entitled to vote. If authorized by the articles of incorporation or bylaws, the records required by this section may be kept in electronic format.
Terms Used In South Dakota Codified Laws 47-24-1
- 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: SDC 1939, § 11.0801; SL 1965, ch 24, § 27; SL 2016, ch 221, § 12.