South Dakota Codified Laws 5-29-18. Net earnings of research park corporation
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No portion of the net earnings realized by any research park corporation formed pursuant to § 5-29-16 may inure to any director or officer of the corporation or to any private entity or individual.
Terms Used In South Dakota Codified Laws 5-29-18
- 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 2012, ch 46, § 18.