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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 22 - Nonprofit Corporations--Formation And General Powers
§ 47-22-69 Ultra vires unavailable to invalidate transfers of property.
Universal Citation: SD Codified L § 47-22-69 (2019)
47-22-69. Ultra vires unavailable to invalidate transfers of property. No act of a corporation and no conveyance or transfer of real or personal property to or by a corporation shall be invalid by reason of the fact that the corporation was without capacity or power to do such act or to make or receive such conveyance or transfer.
Source: SL 1965, ch 24, ยง 6.
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