S.D. Codified Laws § 47-24-3

Current through the 2024 Legislative Session

Section 47-24-3 - Shares of stock prohibited-Dividends and profits prohibited

A corporation shall not have or issue shares of stock. No dividend shall be paid and no part of the income or profit of a corporation shall be distributed to its members, directors, or officers.

SDCL 47-24-3

SL 1965, ch 24, § 28.