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Code · South Dakota · Title 47 · Chapter 47-24

47-24-3. Shares of stock prohibited--Dividends and profits prohibited.

35 words·~1 min read·/sd/title-47/chapter-47-24/47-24-3

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A corporation shall not have or issue shares of stock. No dividend shall be paid and no part of the income or profit of a corporation shall be distributed to its members, directors, or officers.
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