Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 10 - Business Development Credit Corporations > Section 47-10-17 - Nonstockholder members--Establishment of line of credit.

Section 47-10-17 - Nonstockholder members--Establishment of line of credit.

47-10-17. Nonstockholder members--Establishment of line of credit. Each nonstockholder member of a business development credit corporation shall establish a line of credit to the corporation as determined in the articles of incorporation.

Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (a).