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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-24-3: Shares of stock prohibited--Dividends and profits prohibited.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-24. NONPROFIT CORPORATIONS--RECORDS, FISCAL AFFAIRS AND REPORTS

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.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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