§ 47-10-20 Nonstockholder members--Liability for debts.

SD Codified L § 47-10-20 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

47-10-20. Nonstockholder members--Liability for debts. Nonstockholder members of a business development credit corporation do not assume any liability for the debts of the corporation.

Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (d).