<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-10-2 - Powers of corporations. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068525Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068525SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068525CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068525Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2068525DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068525000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068525SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068525SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2068525Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-10-2"><span class="s2068525SENU">47-10-2</span></a><span xml:space="preserve" class="s2068525SENU">. </span><span class="s2068525CL">Powers of corporations.</span></p><p dir="ltr" class="s2068525Normal-000000"><span xml:space="preserve" class="s2068525DefaultParagraphFont">In furtherance of the purposes set forth in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-10-1"><span class="s2068525DefaultParagraphFont">47-10-1</span></a><span xml:space="preserve" class="s2068525DefaultParagraphFont"> and in addition to the powers conferred by the general laws relating to business corporations, any business development credit corporation shall, subject to the restrictions and limitations contained in this chapter, have the powers set forth in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-10-3"><span class="s2068525DefaultParagraphFont">47-10-3</span></a><span xml:space="preserve" class="s2068525DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-10-8"><span class="s2068525DefaultParagraphFont">47-10-8</span></a><span class="s2068525DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2068525Normal"><span xml:space="preserve" class="s2068525000001"> </span></p><p dir="ltr" class="s2068525Normal"><span class="s2068525SCL">Source:</span><span xml:space="preserve" class="s2068525SCL-000002"> SL 1957, ch 314, § 2; SDC Supp 1960, § 55.6002.</span></p></div></body></html>