A corporation subject to the provisions of this chapter may issue contracts only when the director has by formal certificate or license authorized it to do so. Violation of this section is a Class 2 misdemeanor.
S.D. Codified Laws § 58-40-5
License to issue contracts required--Violation as misdemeanor
Known as the Hospital Service Plan Law
The act spans §§ 58–58 (50 sections).
Source: SL 1966, ch 111, ch 21, § 18; SL 1978, ch 359, § 2.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.