Terms as used in §§ 47-24-19 and 47-24-20 mean:
(1) "Nonprofit corporation," as defined in § 47-22-1;
(2) "Charitable trust," as defined in section 4947(a)(1) of the United States Internal Revenue Code as amended and in effect on January 1, 2021.
S.D. Codified Laws § 47-24-18
Definitions
Source: SL 2021, ch 196, § 1.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.