58-37A-12. Nonprofit organization created by society.
84 words·~1 min read·
/sd/title-58/chapter-58-37/58-37a-12·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A society may create, maintain, and operate, or may establish organizations to operate, not for profit institutions to further the purposes permitted by § 58-37A-5 . The institutions may furnish services free or at a reasonable charge. Any real or personal property owned, held or leased by the society for this purpose shall be reported in the annual statement required by § 58-37A-26 .
It is a Class 2 misdemeanor for a society to own or operate a funeral home or an undertaking establishment.