South Dakota Statutes
§ 47-22-60 — Powers of corporation--Lending--Investing--Property holding.
South Dakota § 47-22-60
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-22NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS
This text of South Dakota § 47-22-60 (Powers of corporation--Lending--Investing--Property holding.) 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 § 47-22-60 (2026).
Text
Each corporation shall have power to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.
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Legislative History
SL 1965, ch 24, § 5 (9).
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Repealed§ 47-1-3
Repealed§ 47-10-1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 § 47-22-60, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-22-60.