§ 47-10-20

S.D. Codified Laws § 47-10-20 (2026)

Nonstockholder members--Liability for debts.

SL 1957, ch 314 , § 5; SDC Supp 1960, § 55.6005 (2) (d).

Nonstockholder members of a business development credit corporation do not assume any liability for the debts of the corporation.

Source: SL 1957, ch 314 , § 5; SDC Supp 1960, § 55.6005 (2) (d).