South Dakota § 58-5-7 - Articles of incorporation--Execution and acknowledgment--Contents.
Full text of South Dakota South Dakota Codified Laws § 58-5-7 — Articles of incorporation--Execution and acknowledgment--Contents., with citation guidance and answers to common questions.
§ 58-5-7. Articles of incorporation--Execution and acknowledgment--Contents.
The incorporators shall execute and acknowledge articles of incorporation in triplicate. The articles of incorporation must state:
(1) The name of the corporation; if a mutual, the word "mutual" must be a part of the name. An alternative name or names may be specified for use in other jurisdictions;
(2) The purpose for which the corporation was formed;
(3) The duration of its existence, which may be perpetual;
(4) The kinds of insurance, as defined in this title, which the corporation is formed to transact;
(5) If a stock corporation, its authorized capital, the number of shares of common stock and the par value of each share, which shall be at least one dollar. Only one class of voting common stock shall be authorized;
(6) If a mutual corporation, the maximum contingent liability of its members, other than as to nonassessable policies, shall be stated in the articles of incorporation, but shall not be less than one nor more than six times the premium for the member's policy at the annual premium rate for a term of one year;
(7) The number of directors, which shall be not less than five nor more than twenty-one, the names and addresses of the members of the initial board of directors, who shall serve until the first meeting of stockholders or until their successors are elected and qualify;
(8) The post office address of its principal place of business in this state; and
(9) The name and residence address of each incorporator.
Source: SL 1966, ch 111, ch 16, § 6 (3).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5-7
What does South Dakota Codified Laws § 58-5-7 cover?
Section 58-5-7 ("Articles of incorporation--Execution and acknowledgment--Contents.") 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 § 58-5-7?
A common citation format is "South Dakota Codified Laws § 58-5-7" (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 § 58-5-7 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.