Section 47-11B-1.1 - Definition of terms Terms used in this chapter mean:
(1) "Articles of incorporation," includes the articles of organization of a limited liability company;(2) "Corporation," both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;(3) "Director" or "officer," includes any manager of a limited liability company or the members of a limited liability company that does not have managers;(4) "Incorporation," includes the members of a limited liability company;(5) "Shareholders," includes the members of a limited liability company;(6) "Shares" or "stock," includes membership interests in a limited liability company.