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South Dakota Codified Laws
Title 47
Chapter 47-10
S.D. Codified Laws ch. 47-10
Business Development Credit Corporations
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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.