State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-11a > Statute-47-11a-3

47-11A-3. Powers and privileges restricted to corporate purpose. A corporation formed under § 47-11A-1 may exercise the powers and privileges conferred upon corporations by the laws of the State of South Dakota only in furtherance of and subject to its corporate purpose.

Source: SL 1970, ch 258, § 1 (3).

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-11a > Statute-47-11a-3

47-11A-3. Powers and privileges restricted to corporate purpose. A corporation formed under § 47-11A-1 may exercise the powers and privileges conferred upon corporations by the laws of the State of South Dakota only in furtherance of and subject to its corporate purpose.

Source: SL 1970, ch 258, § 1 (3).