58-40-5. License to issue contracts required--Violation as misdemeanor.
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/sd/title-58/chapter-58-40/58-40-5A 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 certificate or license authorized it to do so. Violation of this section is a Class 2 misdemeanor.