South Dakota § 47-22-68.2 Restrictive provisions as to income and property deemed incorporated in foundation charter.

South Dakota Statutes

§ 47-22-68.2 — Restrictive provisions as to income and property deemed incorporated in foundation charter.

South Dakota § 47-22-68.2

Title 47CORPORATIONS

Ch. 47-22NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS

This text of South Dakota § 47-22-68.2 (Restrictive provisions as to income and property deemed incorporated in foundation charter.) 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 § 47-22-68.2 (2026).

Text

Any instrument creating a corporation which is a private foundation and any instrument governing the use, retention, or disposition by such corporation of any of its income or property shall be deemed to have incorporated within such instrument with the same effect as though such language were set forth verbatim in such instrument the provisions set forth in §§ 47-22-68.3 to 47-22-68.7 , inclusive, and except as the contrary is provided in §§ 47-22-68.8 and 47-22-68.9 , such provisions shall govern the corporation as to the use, retention, and disposition of its income and property irrespective of any provisions of any such instrument, statute, or other law of this state to the contrary.

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Any instrument creating a corporation which is a private foundation and any instrument governing the use, retention, or disposition by such corporation of any of its income or property shall be deemed to have incorporated within such instrument with the same effect as though such language were set forth verbatim in such instrument the provisions set forth in §§ 47-22-68.3 to 47-22-68.7 , inclusive, and except as the contrary is provided in §§ 47-22-68.8 and 47-22-68.9 , such provisions shall govern the corporation as to the use, retention, and disposition of its income and property irrespective of any provisions of any such instrument, statute, or other law of this state to the contrary.