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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-60 Powers of corporation--Lending--Investing--Property holding.
Universal Citation: SD Codified L § 47-22-60 (2018)
47-22-60. Powers of corporation--Lending--Investing--Property holding. Each corporation shall have power to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.
Source: SL 1965, ch 24, ยง 5 (9).
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