SDCL § 47-11G-1: Definition of terms.

As used in this chapter:

(1) "Articles of incorporation," includes the articles of organization of a limited liability company;

(2) "Corporation," includes 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 organization of a limited liability company;

(5) "Shareholders," includes the members of a limited liability company; and

(6) "Shares," includes membership interests in a limited liability company.