South Dakota § 47-22-4 Purposes and authority of corporations--Particular purposes--Exceptions.

South Dakota Statutes

§ 47-22-4 — Purposes and authority of corporations--Particular purposes--Exceptions.

South Dakota·Title 47 CORPORATIONS·Ch. 47-22 NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS

Corporations may be organized under this chapter for any lawful purpose, including, but not limited to, any one or more of the following purposes:

(1)Agricultural;

(2)Animal husbandry;

(3)Athletic;

(4)Benevolent;

(5)Charitable;

(6)Civic;

(7)Cultural;

(8)Educational;

(9)Eleemosynary;

(10)Fraternal;

(11)Horticultural;

(12)Literary;

(13)Patriotic;

(14)Political;

(15)Religious;

(16)Scientific;

(17)Social; and (18) Professional, commercial, industrial, or trade association. However, labor unions, cooperative organizations, other than housing cooperatives, communals, and organizations subject to any of the provisions of the banking laws of this state may not be organized under this chapter. Notwithstanding any other provision

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Corporations may be organized under this chapter for any lawful purpose, including, but not limited to, any one or more of the following purposes: (1) Agricultural; (2) Animal husbandry; (3) Athletic; (4) Benevolent; (5) Charitable; (6) Civic; (7) Cultural; (8) Educational; (9) Eleemosynary; (10) Fraternal; (11) Horticultural; (12) Literary; (13) Patriotic; (14) Political; (15) Religious; (16) Scientific; (17) Social; and (18) Professional, commercial, industrial, or trade association. However, labor unions, cooperative organizations, other than housing cooperatives, communals, and organizations subject to any of the provisions of the banking laws of this state may not be organized under this chapter. Notwithstanding any other provision of this title, any insurance organization formed under this chapter is subject to Title 58.

South Dakota § 47-22-4 (Purposes and authority of corporations--Particular purposes--Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SDC 1939, §§ 11.1401, 11.1501, 11.1701, 11.1801; SL 1965, ch 24, § 4; SL 1966, ch 17, § 2; SL 1972, ch 245; SL 1998, ch 271, § 1; SL 2016, ch 221, § 1.