South Dakota Statutes
§ 47-22-59 — Powers of corporation--Contracting--Borrowing--Issuance of securities.
Each corporation shall have power to make contracts and incur liabilities, borrow money at such rates of interest as the corporation may determine, issue its notes, bonds, and other obligations, and secure any of its obligations by mortgage or pledge of all or any of its property, franchises, and income.
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South Dakota § 47-22-59 (Powers of corporation--Contracting--Borrowing--Issuance of securities.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Nelson v. WEB Water Development Ass'n, Inc.
507 N.W.2d 691 (South Dakota Supreme Court, 1993)
Legislative History
SL 1965, ch 24, § 5 (8).
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Repealed§ 47-1-3
Repealed§ 47-10-1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.