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SOUTH DAKOTA STATUTES AND CODES
Section 47-24-3 - Shares of stock prohibited--Dividends and profits prohibited.
47-24-3. Shares of stock prohibited--Dividends and profits prohibited. A corporation shall not have or issue shares of stock. No dividend shall be paid and no part of the income or profit of a corporation shall be distributed to its members, directors, or officers.
Source: SL 1965, ch 24, § 28.
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