South Dakota § 47-22-1 - Definitions.
Full text of South Dakota South Dakota Codified Laws § 47-22-1 — Definitions., with citation guidance and answers to common questions.
§ 47-22-1. Definitions.
As used in chapters 47-22 to 47-28, inclusive, unless the context otherwise requires, the term:
(1) "Articles of incorporation" means the original or restated articles of incorporation or articles of consolidation and all amendments thereto including articles of merger.
(2) "Board of directors" means the group of persons vested with the management of the affairs of the corporation irrespective of the name by which such group is designated.
(3) "Bylaws" means the code or codes of rules adopted for the regulation or management of the affairs of the corporation irrespective of the name or names by which such rules are designated.
(4) "Corporation" or "domestic corporation" means a nonprofit corporation subject to the provisions of chapters 47-22 to 47-28, inclusive, except a foreign corporation.
(5) "Foreign corporation" means a nonprofit corporation organized under laws other than the laws of this state.
(6) "Insolvent" means inability of a corporation to pay its debts as they become due in the usual course of its affairs.
(7) "Member" means one having membership rights in a corporation in accordance with the provisions of its articles of incorporation or bylaws and may include municipal corporations of this state or other states;
(8) "Nonprofit corporation" means a corporation no part of the income or profit of which is distributable to its members, directors or officers.
Source: SL 1965, ch 24, § 2; SL 2001, ch 247, § 1.
Frequently Asked Questions About South Dakota § 47-22-1
What does South Dakota Codified Laws § 47-22-1 cover?
Section 47-22-1 ("Definitions.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 47-22-1?
A common citation format is "South Dakota Codified Laws § 47-22-1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 47-22-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.