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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 22 - Nonprofit Corporations--Formation And General Powers > Section 47-22-57 - Powers of corporation--Lending money.

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SOUTH DAKOTA STATUTES AND CODES

Section 47-22-57 - Powers of corporation--Lending money.

47-22-57. Powers of corporation--Lending money. Each corporation shall have power to lend money to its employees other than its officers and directors, and otherwise assist its employees, officers, and directors.

Source: SL 1965, ch 24, § 5 (6).

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