47-11G-1. Definition of terms.

As used in this chapter:

(1)    "Articles of incorporation," includes the articles of organization of a limited liability company;

(2)    "Corporation," includes both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;

(3)    "Director" or "officer," includes any manager of a limited liability company or the members of a limited liability company that does not have managers;

(4)    "Incorporation," includes the organization of a limited liability company;

(5)    "Shareholders," includes the members of a limited liability company; and

(6)    "Shares," includes membership interests in a limited liability company.

Source: SL 2022, ch 167, § 1.