54-14-20 Exemption of certain entities from chapter.
Exemption of certain entities from chapter.
The State of South Dakota, any
political subdivision of the state, and any quasi-governmental organization created by an executive
order of the State of South Dakota and any subsidiary of such organization; any nonprofit
corporation formed pursuant to chapter 47-22; any nonprofit United States Treasury Community
Development Financial Institution, Small Business Administration Certified Development Company,
or Regional Revolving Loan Fund; or any commercial club, chamber of commerce, or industrial
development corporation formed pursuant to § 9-12-11 or 9-27-37 is exempt from the requirements
of this chapter.
Source: SL 2007, ch 279, § 9; SL 2008, ch 256, § 1; SL 2009, ch 251, § 24.