South Dakota Statutes
§ 47-22-59 — Powers of corporation--Contracting--Borrowing--Issuance of securities.
South Dakota § 47-22-59
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-22NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS
This text of South Dakota § 47-22-59 (Powers of corporation--Contracting--Borrowing--Issuance of securities.) 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 § 47-22-59 (2026).
Text
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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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Repealed§ 47-1-3
Repealed§ 47-10-1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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 47-22-59, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-22-59.