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S.D. Codified Laws § 47-11G-1

Definition of terms

Source: SL 2022, ch 167, § 1.

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.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.