South Dakota Codified Laws 8-9-6. Nonprofit fire protection corporation or association defined
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The term, nonprofit fire protection corporation or association, as used in § 8-9-4 shall include any corporation or association legally organized within this state for the primary purpose of providing fire-fighting equipment and protection for a particular political subdivision or subdivisions within this state and operating on a nonprofit basis.
Terms Used In South Dakota Codified Laws 8-9-6
- 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 1961, ch 455, § 1; SL 2014, ch 48, § 17.