{"data":{"id":"us-sd/sdcl-47-24-3","jurisdiction":"us-sd","citation":"SDCL § 47-24-3","heading":"Shares of stock prohibited--Dividends and profits prohibited.","body":"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.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-24. NONPROFIT CORPORATIONS--RECORDS, FISCAL AFFAIRS AND REPORTS"],"source_url":"https://sdlegislature.gov/Statutes/47-24-3","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"23c64246f3c76d96ec1a49d276ae698cfcd55778307131d473cac4d2fb1969b0","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-24-2","next":"us-sd/sdcl-47-24-3.1"},"notice":"GroundRules: Original legal text. Not legal advice."}