State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-10 > Statute-47-10-20

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).

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-10 > Statute-47-10-20

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).