<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 47-15-1 - Definitions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068916Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2068916SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068916CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068916Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2068916DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2068916Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2068916000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068916SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068916SCL-000003 { 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="s2068916Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-15-1"><span class="s2068916SENU">47-15-1</span></a><span xml:space="preserve" class="s2068916SENU">. </span><span class="s2068916CL">Definitions.</span></p><p dir="ltr" class="s2068916Normal-000000"><span xml:space="preserve" class="s2068916DefaultParagraphFont">Terms used in chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-15"><span class="s2068916DefaultParagraphFont">47-15</span></a><span xml:space="preserve" class="s2068916DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-20"><span class="s2068916DefaultParagraphFont">47-20</span></a><span class="s2068916DefaultParagraphFont">, inclusive, mean:</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(1)    "Articles," articles of incorporation;</span></p><p dir="ltr" class="s2068916Normal-000001"><span xml:space="preserve" class="s2068916DefaultParagraphFont">(2)    "Cooperative," a cooperative corporation which is subject to the provisions of chapters </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-15"><span class="s2068916DefaultParagraphFont">47-15</span></a><span xml:space="preserve" class="s2068916DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-20"><span class="s2068916DefaultParagraphFont">47-20</span></a><span class="s2068916DefaultParagraphFont">, inclusive;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(3)    "Corporation," a corporation which is not a cooperative;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(4)    "Electronic transmission" or "electronically transmitted," any process of communication not directly involving the physical transfer of paper that is suitable for the retention, retrieval, and reproduction of information by the recipient;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(5)    "Entity," a domestic and foreign corporation, limited liability company, partnership, cooperative or other legal entity, trust, domestic and foreign unincorporated entity or association, and bodies politic;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(6)    "Foreign cooperative," a cooperative association organized and operated on a cooperative basis under the laws of any other state, territory, or possession of the United States, or of the District of Columbia or any foreign state, province, or country;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(7)    "Individual," any natural person;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(8)    "Member," a person who has been qualified and accepted for membership in a cooperative;</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(9)    "Patron," any person who purchases products or services provided in the normal course of the business of a cooperative. The term "patron" does not include a telecommunications company which purchases any products or services from a telecommunications cooperative or pays any fees or settlements to a telecommunications cooperative, other than local telecommunications services; and</span></p><p dir="ltr" class="s2068916Normal-000001"><span class="s2068916DefaultParagraphFont">(10)    "Person," an entity or individual entity.</span></p><p dir="ltr" class="s2068916Normal"><span xml:space="preserve" class="s2068916000002"> </span></p><p dir="ltr" class="s2068916Normal"><span class="s2068916SCL">Source:</span><span xml:space="preserve" class="s2068916SCL-000003"> SDC 1939 § 11.1101; SL 1949, ch 23; SL 1965, ch 23, § 1; SL 1987, ch 342; SL 1994, ch 351, § 120; SL 2018, ch 260, § 1.</span></p></div></body></html>