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SOUTH DAKOTA STATUTES AND CODES
Chapter 10 - Business Development Credit Corporations
- Section 47-10-1 - Purposes of corporations.
- Section 47-10-2 - Powers of corporations.
- Section 47-10-3 - Borrowing--Pledging security for borrowings.
- Section 47-10-4 - Lending--Competition with lending institutions prohibited.
- Section 47-10-5 - Terms and conditions of loans.
- Section 47-10-6 - Purchase and sale of property.
- Section 47-10-7 - Promotion of local development corporations.
- Section 47-10-8 - Participation in federal programs.
- Section 47-10-9 - Lending--Duty to give first opportunity to lending institution.
- Section 47-10-10 - Incorporators.
- Section 47-10-11 - Directors--Number and term of office.
- Section 47-10-12 - Capitalization--Minimum capital before commencing business.
- Section 47-10-13 - Accumulation of surplus--Use of surplus.
- Section 47-10-14 - Persons authorized to hold common stock.
- Section 47-10-15 - First annual meeting--Conditions--Subsequent annual meetings.
- Section 47-10-16 - Classes of members--Stockholder members--Nonstockholder members.
- Section 47-10-17 - Nonstockholder members--Establishment of line of credit.
- Section 47-10-18 - Nonstockholder members--Duty to lend.
- Section 47-10-19 - Nonstockholder members--Right to withdraw--Conditions.
- Section 47-10-20 - Nonstockholder members--Liability for debts.
- Section 47-10-21 - Nonstockholder members--Right to share in surplus.
- Section 47-10-22 - Nonstockholder members--Payment before dissolution of corporation.
- Section 47-10-23 - Legal investments.
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