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

South Dakota Statutes

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

South Dakota § 1-16A-15

Title 1STATE AFFAIRS AND GOVERNMENT

Ch. 1-16HEALTH AND EDUCATIONAL FACILITIES AUTHORITY

This text of South Dakota § 1-16A-15 (Corporate powers of authority.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 1-16A-15 (2026).

Text

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(7)To establish a minimum amount of cash and investment reserves; and (8) [Repealed July 1, 2019 by SL 2018, ch 8, § 1.]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to carry out the purposes of this chapter; (7) To establish a minimum amount of cash and investment reserves; and (8) [Repealed July 1, 2019 by SL 2018, ch 8, § 1.]