State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-13a > Statute-47-13a-1-1

47-13A-1.1. Definition of terms. Terms used in this chapter mean:
(1) "Articles of incorporation," includes the articles of organization of a limited liability company;
(2) "Corporation," both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;
(3) "Director" or "officer," includes any manager of a limited liability company or the members of a limited liability company that does not have managers;
(4) "Incorporation," includes the members of a limited liability company;
(5) "Shareholders," includes the members of a limited liability company;
(6) "Shares" or "stock," includes membership interests in a limited liability company.

Source: SL 1993, ch 344, § 39V.