Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 22 - Nonprofit Corporations--Formation And General Powers > Section 47-22-60 - Powers of corporation--Lending--Investing--Property holding.

Section 47-22-60 - Powers of corporation--Lending--Investing--Property holding.

47-22-60. Powers of corporation--Lending--Investing--Property holding. Each corporation shall have power to lend money for its corporate purposes, invest and reinvest its funds, and take and hold real and personal property as security for the payment of funds so loaned or invested.

Source: SL 1965, ch 24, § 5 (9).