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Code · South Dakota · Title 47 · Chapter 47-22

47-22-60. Powers of corporation--Lending--Investing--Property holding.

36 words·~1 min read·/sd/title-47/chapter-47-22/47-22-60

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Each corporation shall have power to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.
★   the supreme law of the land   ★
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