Each corporation shall have power to pay pensions and establish pension plans or pension trusts for any or all of its directors, officers, and employees.
S.D. Codified Laws § 47-22-66
Powers of corporation--Pension plans
Known as the South Dakota Nonprofit Corporation Act
The act spans §§ 47–47 (90 sections).
Source: SL 1965, ch 24, § 5 (15).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.