South Dakota Statutes
§ 47-10-12 — Capitalization--Minimum capital before commencing business.
South Dakota § 47-10-12
This text of South Dakota § 47-10-12 (Capitalization--Minimum capital before commencing business.) 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 § 47-10-12 (2026).
Text
At least twenty - five percent of the capital stock authorized in the articles of incorporation shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization.
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Legislative History
SL 1957, ch 314, § 3; SDC Supp 1960, § 55.6003.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-10-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-10-12.