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Code · South Dakota · Title 47 · Chapter 47-11

47-11A-3. Powers and privileges restricted to corporate purpose.

34 words·~1 min read·/sd/title-47/chapter-47-11/47-11a-3

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A corporation formed under § 47-11A-1 may exercise the powers and privileges conferred upon corporations by the laws of the State of South Dakota only in furtherance of and subject to its corporate purpose.
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