2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 10 - Business Development Credit Corporations
§ 47-10-20 Nonstockholder members--Liability for debts.
47-10-20. Nonstockholder members--Liability for debts. Nonstockholder members of a business development credit corporation do not assume any liability for the debts of the corporation.
Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (d).
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