South Dakota § 1-16A-15 Corporate powers of authority.

South Dakota Statutes

§ 1-16A-15 — Corporate powers of authority.

South Dakota·Title 1 STATE AFFAIRS AND GOVERNMENT·Ch. 1-16 HEALTH AND EDUCATIONAL FACILITIES AUTHORITY

The authority has the following powers together with all powers incidental or necessary for the performance thereof:

(1)To have perpetual succession as a body politic and corporate;

(2)To adopt bylaws for the regulation of its affairs and the conduct of its business;

(3)To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties;

(4)To have and to use a corporate seal and to alter the same at pleasure;

(5)To maintain an office at such place or places as it may designate;

(6)To do all things necessary and convenient to carry out the purposes of this chapter;

(7)To establish a minimum amount of cash and investment reserves; and (8) [Repealed July 1, 2019 by SL 2018, ch 8, § 1.]

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The authority has the following powers together with all powers incidental or necessary for the performance thereof: (1) To have perpetual succession as a body politic and corporate; (2) To adopt bylaws for the regulation of its affairs and the conduct of its business; (3) To sue and be sued and to prosecute and defend, at law or in equity, in any court having jurisdiction of the subject matter and of the parties; (4) To have and to use a corporate seal and to alter the same at pleasure; (5) To maintain an office at such place or places as it may designate; (6) To do all things necessary and convenient to carry out the purposes of this chapter; (7) To establish a minimum amount of cash and investment reserves; and (8) [Repealed July 1, 2019 by SL 2018, ch 8, § 1.]

South Dakota § 1-16A-15 (Corporate powers of authority.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.