South Dakota Statutes
§ 47-10-21 — Nonstockholder members--Right to share in surplus.
South Dakota § 47-10-21
This text of South Dakota § 47-10-21 (Nonstockholder members--Right to share in surplus.) 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 § 47-10-21 (2026).
Text
Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members.
Free access — add to your briefcase to read the full text and ask questions with AI
Legislative History
SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (e).
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-10-21, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-10-21.