§ 47-15-1 Definitions
§ 47-15-2 Purposes–Banking and insurance prohibited
§ 47-15-3 Requisites for formation
§ 47-15-4 Articles of incorporation–Contents
§ 47-15-5 Particular provisions in articles or bylaws
§ 47-15-6 Filing articles with secretary of state–Beginning of corporate existence
§ 47-15-7 Issuance of certificate of incorporation–Certificate as conclusive evidence of proper incorporation
§ 47-15-8 Amendment of articles–Majority vote required
§ 47-15-9 Procedure for amending articles
§ 47-15-10 Filing with secretary of state–Certificate of amendment
§ 47-15-11 Effect of amendment
§ 47-15-12 Limitations on action to invalidate amendment
§ 47-15-13 Bankruptcy proceeding as amendment
§ 47-15-14 Amendment converting corporation to cooperative
§ 47-15-15 Adoption of restated articles
§ 47-15-15.1 Restated articles effective when restated certificate issued–Original articles superseded
§ 47-15-16 Bylaws–Adoption and amendment
§ 47-15-17 Bylaws–Majority vote
§ 47-15-20 Offices and agents of preexisting cooperatives
§ 47-15-28 Powers of cooperatives–Actions
§ 47-15-29 Powers of cooperatives–Seals
§ 47-15-30 Powers of cooperatives–Contracts–Encumbrances
§ 47-15-31 Powers of cooperatives–Securities holdings
§ 47-15-32 Powers of cooperatives–Investments and lending
§ 47-15-33 Powers of cooperatives–Territorial
§ 47-15-34 Powers of cooperatives–Officers and agents
§ 47-15-35 Powers of cooperatives–Bylaws
§ 47-15-36 Powers of cooperatives–Donations
§ 47-15-37 Powers of cooperatives–Indemnification of agents
§ 47-15-38 Powers of cooperatives–Cessation of activities
§ 47-15-39 Powers of cooperatives–Effectuation of purpose
§ 47-15-40 Promotion expenses–Commissions on stock sales–Limitations
§ 47-15-41 Use of term “cooperative”
§ 47-15-42 Unauthorized use of term “cooperative” as petty offense
§ 47-15-43 Injunction against unauthorized use of term “cooperative”
§ 47-15-44 Cooperatives governed by chapter–Preexisting cooperatives
§ 47-15-45 Continuation of preexisting cooperatives
§ 47-15-46 Duration of existence of preexisting cooperatives
§ 47-15-47 Method of giving notice–Waiver of notice
§ 47-15-48 Cooperatives governed by other laws
§ 47-15-49 Severability and saving clause
§ 47-15-50 Citation of cooperative provisions
§ 47-15-51 Filing false document as felony

Terms Used In South Dakota Codified Laws > Title 47 > Chapter 15

  • Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Bankruptcy: Refers to statutes and judicial proceedings involving persons or businesses that cannot pay their debts and seek the assistance of the court in getting a fresh start. Under the protection of the bankruptcy court, debtors may discharge their debts, perhaps by paying a portion of each debt. Bankruptcy judges preside over these proceedings.
  • 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.
  • Day: the period from midnight to midnight. See South Dakota Codified Laws 2-14-2
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Felony: A crime carrying a penalty of more than a year in prison.
  • Indemnification: In general, a collateral contract or assurance under which one person agrees to secure another person against either anticipated financial losses or potential adverse legal consequences. Source: FDIC
  • Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
  • Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
  • Municipality: any municipality organized as provided in Title 9. See South Dakota Codified Laws 2-14-2
  • Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Petty offense: A federal misdemeanor punishable by six months or less in prison. Source: U.S. Courts
  • Precedent: A court decision in an earlier case with facts and law similar to a dispute currently before a court. Precedent will ordinarily govern the decision of a later similar case, unless a party can show that it was wrongly decided or that it differed in some significant way.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Quorum: The number of legislators that must be present to do business.
  • Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
  • Seal: includes an impression of the seal upon the paper alone, as well as upon wax or a wafer affixed to the paper, and also the word "seal" written or printed on such paper. See South Dakota Codified Laws 2-14-2
  • State: the State of South Dakota. See South Dakota Codified Laws 2-14-2