South Dakota § 47-30-1 Fraudulent subscription agreement--Misdemeanor.

South Dakota Statutes

§ 47-30-1 — Fraudulent subscription agreement--Misdemeanor.

South Dakota·Title 47 CORPORATIONS·Ch. 47-30 CORPORATE FRAUDS AND MISMANAGEMENT

Any person:

(1)Who signs the name of a fictitious person to a subscription for, or agreement to take stock in a corporation, existing or proposed; or (2) Who procures another to sign such subscription or agreement:

(a)Knowing that the other person does not have the means or does not intend in good faith to comply with all the terms thereof; or (b) Under an understanding or agreement that the terms of the subscription or agreement will not be complied with or enforced; is guilty of a Class 2 misdemeanor.

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Any person: (1) Who signs the name of a fictitious person to a subscription for, or agreement to take stock in a corporation, existing or proposed; or (2) Who procures another to sign such subscription or agreement: (a) Knowing that the other person does not have the means or does not intend in good faith to comply with all the terms thereof; or (b) Under an understanding or agreement that the terms of the subscription or agreement will not be complied with or enforced; is guilty of a Class 2 misdemeanor.

South Dakota § 47-30-1 (Fraudulent subscription agreement--Misdemeanor.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.