State Codes and Statutes

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

47-11E-3. Powers and privileges. A corporation formed pursuant to § 47-11E-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 1996, ch 228, § 3.

State Codes and Statutes

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

47-11E-3. Powers and privileges. A corporation formed pursuant to § 47-11E-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 1996, ch 228, § 3.