STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 22 - Nonprofit Corporations--Formation And General Powers

• Section 47-22-1 - Definitions.
• Section 47-22-2 - Applicability to domestic corporations.
• Section 47-22-2.1 - Applicability to corporations existing prior to 1965.
• Section 47-22-3 - Applicability to foreign corporations.
• Section 47-22-4 - Purposes and authority of corporations--Particular purposes--Exceptions.
• Section 47-22-5 - Incorporators--Articles of incorporation.
• Section 47-22-6 - Contents of articles of incorporation--Necessary recitals.
• Section 47-22-7 - Corporate name--Indication of purpose.
• Section 47-22-8 - Repealed.
• Section 47-22-8.1 - Use of same or similar name prohibited--Non-English name to be transliterated.
• Section 47-22-9 - Reservation of name--Parties entitled to reserve.
• Section 47-22-10 - Procedure for reservation of name--Maximum time of reservation.
• Section 47-22-11 - Transfer of reserved right--Notification to secretary of state.
• Section 47-22-12 - Articles of incorporation--Endorsement and filing by secretary of state--Issuance ofcertificate of incorporation.
• Section 47-22-13 - Commencement of corporate existence--Certificate as conclusive evidence ofcompliance--Exceptions.
• Section 47-22-14 - Amending articles of incorporation.
• Section 47-22-15 - Procedure for amendment.
• Section 47-22-16 - Resolution of amendment--Submission to members at meeting--Notice of meeting--Contents of notice--Written notice of adoption required--Majority vote required.
• Section 47-22-17 - Procedure in absence of members entitled to vote--Adoption of amendment by boardof directors.
• Section 47-22-18 - Submission of more than one amendment.
• Section 47-22-19 - Articles of amendment--Contents of articles.
• Section 47-22-20 - Delivery to secretary of state--Fees--Endorsement and filing--Issuance of certificateof amendment.
• Section 47-22-21 - Effective date of amendment.
• Section 47-22-22 - Preexisting actions unaffected--Change of name as not abating action.
• Section 47-22-23 - Restatement of articles of incorporation--Procedure.
• Section 47-22-24 - Resolution of restatement--Submission to members.
• Section 47-22-25 - Notice of proposed restatement--Contents of notice.
• Section 47-22-26 - Vote of membership--Majority vote required.
• Section 47-22-27 - Procedure in absence of members entitled to vote--Adoption of restatement by boardof directors.
• Section 47-22-28 - Approval of restated articles--Contents of articles--Delivery to secretary of state.
• Section 47-22-28.1 - Restated articles may incorporate proposed amendments--Conditions.
• Section 47-22-29 - Approval by secretary of state--Fees--Endorsement and filing--Issuance of restatedcertificate of incorporation.
• Section 47-22-30 - Effective date of restated articles.
• Section 47-22-31 - Meeting of first board of directors--Organization meeting--Notice of meeting.
• Section 47-22-32 - First meeting of members--Notice of meeting.
• Section 47-22-33 - Adoption of initial bylaws--Amendment of bylaws--Permissible contents of bylaws.
• Section 47-22-34 - Changing number of board of directors--Bylaws controlling absent provision inarticles.
• Section 47-22-35 - Emergency bylaws--Conditions creating emergency.
• Sections 47-22-36, 47-22-37 - Provisions of emergency bylaws--Meetings of directors--Attendance--Priorities. Modification of lines of succession during emergency
• Section 47-22-38 - Changing head office during emergency.
• Section 47-22-39 - Duration of emergency bylaws.
• Section 47-22-40 - Notice of meetings during emergency--Quorum.
• Section 47-22-41 - Liability for actions during emergency--Willful misconduct.
• Sections 47-22-42 to 47-22-51 - Repealed
• Section 47-22-52 - Powers of corporation--Perpetual succession.
• Section 47-22-53 - Powers of corporation--Capacity to sue and be sued.
• Section 47-22-54 - Powers of corporation--Corporate seal.
• Section 47-22-55 - Powers of corporation--Dealing in real or personal property.
• Section 47-22-56 - Powers of corporation--Disposal of corporate assets.
• Section 47-22-57 - Powers of corporation--Lending money.
• Section 47-22-58 - Powers of corporation--Securities holdings--Government obligations.
• Section 47-22-59 - Powers of corporation--Contracting--Borrowing--Issuance of securities.
• Section 47-22-60 - Powers of corporation--Lending--Investing--Property holding.
• Section 47-22-61 - Powers of corporation--Extraterritorial operations.
• Section 47-22-62 - Powers of corporation--Officers and agents.
• Section 47-22-63 - Powers of corporation--Adoption of bylaws.
• Section 47-22-64 - Powers of corporation--Donations--Wartime donations.
• Section 47-22-65 - Repealed.
• Section 47-22-65.1 - Powers of corporation--Indemnification--Defense of actions.
• Section 47-22-65.2 - Indemnification against expenses and attorneys' fees.
• Section 47-22-65.3 - Authorization of indemnification--Requirements--Manner of determination.
• Section 47-22-65.4 - Authorization of payment of expenses prior to final disposition of action--Receipt ofundertaking--Terms and conditions.
• Section 47-22-65.5 - Indemnification not exclusive of other rights--Continuation of benefits to formeremployees--Benefits to deceased employees.
• Section 47-22-65.6 - Powers of corporation--Purchase and maintenance of liability insurance.
• Section 47-22-65.7 - Corporation defined.
• Section 47-22-65.8 - Definition of other terms.
• Section 47-22-66 - Powers of corporation--Pension plans.
• Section 47-22-67 - Powers of corporation--Cessation of activities.
• Section 47-22-68 - Powers of corporation--Other powers.
• Section 47-22-68.1 - Restrictions on private foundations--Definition of terms.
• Section 47-22-68.2 - Restrictive provisions as to income and property deemed incorporated in foundationcharter.
• Section 47-22-68.3 - Self-dealing by foundation prohibited.
• Section 47-22-68.4 - Distributions required of foundation.
• Section 47-22-68.5 - Excess business holdings prohibited to foundation.
• Section 47-22-68.6 - Investments which jeopardize charitable purpose prohibited to foundation.
• Section 47-22-68.7 - Taxable expenditures prohibited to foundation.
• Section 47-22-68.8 - Judicial determination that required restrictions would be contrary to charter.
• Section 47-22-68.9 - State powers over corporation unimpaired.
• Section 47-22-69 - Ultra vires unavailable to invalidate transfers of property.
• Section 47-22-70 - Circumstances under which ultra vires may be asserted--Actions by members ordirectors--Injunctions.
• Section 47-22-71 - Circumstances under which ultra vires may be asserted--Actions by corporationagainst officers or directors.
• Sections 47-22-72, 47-22-73 - Circumstances under which ultra vires may be asserted--Actions by attorney general to dissolve or enjoin corporation. Unauthorized acting as corporation--Liability
• Section 47-22-74 - Legislative power to prescribe additional regulations.
• Section 47-22-75 - Prior incorporations validated--Previously pending actions.
• Section 47-22-76 - Rights vested under prior statutes unaffected.
• Section 47-22-77 - Severability and saving clause.