Each nonstockholder member of a business development credit corporation shall establish a line of credit to the corporation as determined in the articles of incorporation.
S.D. Codified Laws § 47-10-17
Nonstockholder members--Establishment of line of credit
Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (a).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.