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Code · South Dakota · Title 36 · Chapter 36-21

36-21A-5. Association defined.

62 words·~1 min read·/sd/title-36/chapter-36-21/36-21a-5

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For the purposes of this chapter, an association is any body of persons united and acting together without a charter, but upon the methods and forms used by incorporated bodies for the prosecution of some common enterprise. It is an unincorporated society and not a partnership. It is a body of persons invested with some, yet not full, corporate rights and powers.
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