South Dakota 10 — Business Development Credit Corporations
- 47-10-1 — Purposes of corporations.
- 47-10-2 — Powers of corporations.
- 47-10-3 — Borrowing--Pledging security for borrowings.
- 47-10-4 — Lending--Competition with lending institutions prohibited.
- 47-10-5 — Terms and conditions of loans.
- 47-10-6 — Purchase and sale of property.
- 47-10-7 — Promotion of local development corporations.
- 47-10-8 — Participation in federal programs.
- 47-10-9 — Lending--Duty to give first opportunity to lending institution.
- 47-10-10 — Incorporators.
- 47-10-11 — Directors--Number and term of office.
- 47-10-12 — Capitalization--Minimum capital before commencing business.
- 47-10-13 — Accumulation of surplus--Use of surplus.
- 47-10-14 — Persons authorized to hold common stock.
- 47-10-15 — First annual meeting--Conditions--Subsequent annual meetings.
- 47-10-16 — Classes of members--Stockholder members--Nonstockholder members.
- 47-10-17 — Nonstockholder members--Establishment of line of credit.
- 47-10-18 — Nonstockholder members--Duty to lend.
- 47-10-19 — Nonstockholder members--Right to withdraw--Conditions.
- 47-10-20 — Nonstockholder members--Liability for debts.
- 47-10-21 — Nonstockholder members--Right to share in surplus.
- 47-10-22 — Nonstockholder members--Payment before dissolution of corporation.
- 47-10-23 — Legal investments.
- 47-10-24 — Applicability of other laws.