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U.S. State Codes
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South-Dakota
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Title 47 - Corporations
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Chapter 10 - Business Development Credit Corpor...
Chapter 10 - Business Development Credit Corporations
§ 47-10-1 Purposes of corporations.
§ 47-10-2 Powers of corporations.
§ 47-10-3 Borrowing--Pledging security for borrowings.
§ 47-10-4 Lending--Competition with lending institutions prohibited.
§ 47-10-5 Terms and conditions of loans.
§ 47-10-6 Purchase and sale of property.
§ 47-10-7 Promotion of local development corporations.
§ 47-10-8 Participation in federal programs.
§ 47-10-9 Lending--Duty to give first opportunity to lending institution.
§ 47-10-10 Incorporators.
§ 47-10-11 Directors--Number and term of office.
§ 47-10-12 Capitalization--Minimum capital before commencing business.
§ 47-10-13 Accumulation of surplus--Use of surplus.
§ 47-10-14 Persons authorized to hold common stock.
§ 47-10-15 First annual meeting--Conditions--Subsequent annual meetings.
§ 47-10-16 Classes of members--Stockholder members--Nonstockholder members.
§ 47-10-17 Nonstockholder members--Establishment of line of credit.
§ 47-10-18 Nonstockholder members--Duty to lend.
§ 47-10-19 Nonstockholder members--Right to withdraw--Conditions.
§ 47-10-20 Nonstockholder members--Liability for debts.
§ 47-10-21 Nonstockholder members--Right to share in surplus.
§ 47-10-22 Nonstockholder members--Payment before dissolution of corporation.
§ 47-10-23 Legal investments.
§ 47-10-24 Applicability of other laws.