LegalFix
Individuals & FamiliesSmall BusinessesEmployersEmployee Benefits BrokersPEOsCredit UnionsMembership GroupsLegal Information
Sign In
  1. /
  2. U.S. State Codes
  3. /
  4. South-Dakota
  5. /
  6. Title 47 - Corporations
  7. /
  8. Chapter 10 - Business Development Credit Corpor...


Chapter 10 - Business Development Credit Corporations


  • § 47-10-1 Purposes of corporations.
  • § 47-10-2 Powers of corporations.
  • § 47-10-3 Borrowing--Pledging security for borrowings.
  • § 47-10-4 Lending--Competition with lending institutions prohibited.
  • § 47-10-5 Terms and conditions of loans.
  • § 47-10-6 Purchase and sale of property.
  • § 47-10-7 Promotion of local development corporations.
  • § 47-10-8 Participation in federal programs.
  • § 47-10-9 Lending--Duty to give first opportunity to lending institution.
  • § 47-10-10 Incorporators.
  • § 47-10-11 Directors--Number and term of office.
  • § 47-10-12 Capitalization--Minimum capital before commencing business.
  • § 47-10-13 Accumulation of surplus--Use of surplus.
  • § 47-10-14 Persons authorized to hold common stock.
  • § 47-10-15 First annual meeting--Conditions--Subsequent annual meetings.
  • § 47-10-16 Classes of members--Stockholder members--Nonstockholder members.
  • § 47-10-17 Nonstockholder members--Establishment of line of credit.
  • § 47-10-18 Nonstockholder members--Duty to lend.
  • § 47-10-19 Nonstockholder members--Right to withdraw--Conditions.
  • § 47-10-20 Nonstockholder members--Liability for debts.
  • § 47-10-21 Nonstockholder members--Right to share in surplus.
  • § 47-10-22 Nonstockholder members--Payment before dissolution of corporation.
  • § 47-10-23 Legal investments.
  • § 47-10-24 Applicability of other laws.
We have updated our Terms of Service, Privacy Policy, and Disclosures. By continuing to browse this site, you agree to our Terms of Service, Privacy Policy, and Disclosures.
AboutContact UsPrivacyTermsDisclosuresAccessibilitySite Map

Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.

LegalFix provides its members with easy access to affordable legal services through a network of independent provider law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.

The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our provider law firms.

You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your provider law firm.

The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.

Use of this website, the purchase of legal plans, and access to the LegalFix network of provider law firms are subject to the LegalFix Terms of Service and Privacy Policy.

Bookish