At least twenty-five percent of the capital stock authorized in the articles of incorporation shall be paid into the treasury of the corporation in cash before the corporation shall be authorized to transact any business other than such as relates to its organization.
S.D. Codified Laws § 47-10-12
Capitalization--Minimum capital before commencing business
Source: SL 1957, ch 314, § 3; SDC Supp 1960, § 55.6003.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.