South Dakota Constitution
Article 17 - Corporations.
§ 2 Invalidation of charters without bona fide organization and business.
§ 2. Invalidation of charters without bona fide organization and business. All existing charters, or grants of special or exclusive privileges under which a bona fide organization shall not have taken place and business been commenced in good faith at the time this Constitution takes effect, shall thereafter have no validity.
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