South Dakota Statutes
§ 47-11F-12 — Ownership of property--Investment of funds.
South Dakota § 47-11F-12
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-10HEALTH CARE CORPORATIONS, LIMITED LIABILITY COMPANIES AND LIMITED LIABILITY PARTNERSHIPS
This text of South Dakota § 47-11F-12 (Ownership of property--Investment of funds.) 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 § 47-11F-12 (2026).
Text
A professional corporation may own real and personal property necessary or appropriate for rendering professional service and may invest its funds in real estate, mortgages, stocks, bonds, or any other type of investment.
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Legislative History
SL 2000, ch 219, § 12.
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-11F-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-11F-12.