Any documentary material or data compiled or received by a municipal corporation, county, or an economic development corporation receiving municipal or county funds, for the purpose of furnishing assistance to a business, to the extent that such material or data consists of trade secrets or commercial or financial information regarding the operation of such business, is not a public record. Any discussion or consideration of such trade secrets or commercial or financial information by a municipal corporation or county may be done in executive session closed to the public.

Terms Used In South Dakota Codified Laws 9-34-19

  • 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.
  • Executive session: A portion of the Senate's daily session in which it considers executive business.

Source: SL 1998, ch 48, § 1; SL 2004, ch 77, § 1.

  Previous section
Next section  
 Chapter 34 Contents