South Dakota Statutes
§ 47-9A-9 — Farms, for scientific, medical, research, or experimental purposes exempt if sale of products incidental.
The restrictions of §§ 47-9A-1 and 47-9A-3 do not apply to any entity that engages in farming primarily for scientific, medical, research, or experimental purposes. However, any commercial sales from such farming shall be incidental to the scientific, medical, research, or experimental objectives of the entity.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 47-9A-9 (Farms, for scientific, medical, research, or experimental purposes exempt if sale of products incidental.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Allegheny Corp. v. Richardson, Inc.
463 N.W.2d 678 (South Dakota Supreme Court, 1990)
Legislative History
SL 1974, ch 294, § 4 (4); SL 2004, ch 277, § 7.
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Repealed§ 47-1-3
Repealed§ 47-10-1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.