S.D. Codified Laws § 47-11G-1

Current through the 2024 Legislative Session

Section 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.

SDCL 47-11G-1

SL 2022, ch 167, §1.

Added by S.L. 2022, ch. 167,s. 1, eff. 7/1/2022.