Any director, officer, or agent of a corporation, who knowingly receives or possesses property of the corporation, otherwise than in payment of a just demand, and who, with intent to defraud, omits to make or cause to be made a full and true entry thereof in the books or accounts of the corporation, is guilty of a theft.
S.D. Codified Laws § 47-30-4
Receipt of corporate property without proper accounting entry as theft
Source: SDC 1939, § 13.4311; SL 1983, ch 15, § 49.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.