There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 23. Nonprofit Corporations--Members, Directors, Officers And Agents
§47-23-1 Classes of members--Corporations without members--Articles of incorporation as governing--Certificates of membership.
SD Codified L § 47-23-1 (through 2011) What's This?
47-23-1. Classes of members--Corporations without members--Articles of incorporation as governing--Certificates of membership. A corporation may have one or more classes of members or may have no members. If the corporation has one or more classes of members, the designation of such class or classes and the qualifications and rights of the members of each class shall be set forth in the articles of incorporation or by the bylaws. A corporation may issue certificates evidencing membership therein.
Source: SL 1965, ch 24, § 12.
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
