South Dakota Statutes
§ 47-1A-1502.2 — Penalties for transacting business without certificate of authority--Collection.
South Dakota § 47-1A-1502.2
This text of South Dakota § 47-1A-1502.2 (Penalties for transacting business without certificate of authority--Collection.) 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 § 47-1A-1502.2 (2026).
Text
A foreign corporation is liable for a civil penalty of one hundred dollars for each day, but not to exceed a total of one thousand dollars for each year, it transacts business in this state without a certificate of authority. The attorney general may collect all penalties due under this section. Notwithstanding § 47-1A-1502 , the failure of a foreign corporation to obtain a certificate of authority does not impair the validity of its corporate acts or prevent it from defending any proceeding in this state.
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Legislative History
SL 2005, ch 239, § 350.
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-1A-1502.2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-1A-1502.2.