S.D. Codified Laws § 47-1A-301

Current through the 2024 Legislative Session
Section 47-1A-301 - Purposes

Any corporation incorporated under this chapter has the purpose of engaging in any lawful business unless a more limited purpose is set forth in the articles of incorporation.

A corporation engaging in a business that is subject to regulation under another statute of this state may incorporate under this chapter only if permitted by, and subject to all limitations of, the other statute.

SDCL 47-1A-301

SL 2005, ch 239, §37.