{"data":{"id":"us-sd/sdcl-47-10-15","jurisdiction":"us-sd","citation":"SDCL § 47-10-15","heading":"First annual meeting--Conditions--Subsequent annual meetings.","body":"The first annual meeting of a business development credit corporation shall occur at a date to be fixed by the board of directors as soon as reasonably possible after a minimum of twenty-five percent of the capital stock of the corporation is paid into its treasury and a minimum of ten stockholder members of the corporation have qualified as provided in § 47-10-16; and such annual meeting and subsequent annual meetings shall be called and the directors shall be elected in the manner provided in the bylaws.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-10. BUSINESS DEVELOPMENT CREDIT CORPORATIONS"],"source_url":"https://sdlegislature.gov/Statutes/47-10-15","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"d897d6958b5e5a9542cbfd4a9799b2247d8b69adb83ec2999486f45648d75629","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-10-14","next":"us-sd/sdcl-47-10-16"},"notice":"GroundRules: Original legal text. Not legal advice."}