Section 47-11A-3 - Powers and privileges restricted to corporate purpose.
47-11A-3. Powers and privileges restricted to corporate purpose. A corporation formed under § 47-11A-1 may exercise the powers and privileges conferred upon corporations by the laws of the State of South Dakota only in furtherance of and subject to its corporate purpose.
Source: SL 1970, ch 258, § 1 (3).