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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 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.
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