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

South Dakota Statutes

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

South Dakota § 47-30-1

Title 47CORPORATIONS

Ch. 47-30CORPORATE FRAUDS AND MISMANAGEMENT

This text of South Dakota § 47-30-1 (Fraudulent subscription agreement--Misdemeanor.) 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 § 47-30-1 (2026).

Text

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.