S.D. Admin. R. 46:11:04:01

Current through Register Vol. 51, page 67, December 16, 2024

Section 46:11:04:01 - Nonprofit corporations

A CSP must be a nonprofit corporation incorporated according to SDCL chapters 47-22 to 47-28, inclusive. The CSP must meet the definition for tax exemption status according to § 501(c)(3) of the United States Internal Revenue code of 1986, as amended, and in effect on November 15, 2010. If a SP is a nonprofit corporation, it must meet the same Internal Revenue Code requirements.

S.D. Admin. R. 46:11:04:01

22 SDR 104, effective 2/13/1996; 27 SDR 63, effective 12/31/2000; 40 SDR 102, effective 12/3/2013; 42 SDR 9, effective 8/2/2016

General Authority: SDCL 27B-2-26(2).

Law Implemented: SDCL 27B-2-26.

Note: Internal Revenue Service Federal Tax Information and Notice Inquiries, 1-800-829 -1040.