58-38-6. License to issue contracts required--Violation as misdemeanor.
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/sd/title-58/chapter-58-38/58-38-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A corporation subject to the provisions of this chapter may issue contracts only when the director has by formal license authorized it to do so. Violation of this section is a Class 2 misdemeanor.