South Dakota Statutes
§ 47-10-20 — Nonstockholder members--Liability for debts.
South Dakota § 47-10-20
This text of South Dakota § 47-10-20 (Nonstockholder members--Liability for debts.) 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 § 47-10-20 (2026).
Text
Nonstockholder members of a business development credit corporation do not assume any liability for the debts of the corporation.
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Legislative History
SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (d).
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-10-20, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-10-20.