47-13A-1.1. Definition of terms.
100 words·~1 min read·
/sd/title-47/chapter-47-13/47-13a-1-1·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Terms used in this chapter mean:
(1)"Articles of incorporation," includes the articles of organization of a limited liability company;
(2)"Corporation," both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;
(3)"Director" or "officer," includes any manager of a limited liability company or the members of a limited liability company that does not have managers;
(4)"Incorporation," includes the members of a limited liability company;
(5)"Shareholders," includes the members of a limited liability company;
(6)"Shares" or "stock," includes membership interests in a limited liability company.