<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 47-1A-202 - Articles of incorporation--Required provisions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068092Normal { 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.s2068092SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068092CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068092Normal-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.s2068092DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2068092Normal-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.s2068092000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068092SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068092SCL-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2068092Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-202"><span class="s2068092SENU">47-1A-202</span></a><span xml:space="preserve" class="s2068092SENU">. </span><span class="s2068092CL">Articles of incorporation--Required provisions.</span></p><p dir="ltr" class="s2068092Normal-000000"><span class="s2068092DefaultParagraphFont">The articles of incorporation shall set forth:</span></p><p dir="ltr" class="s2068092Normal-000001"><span xml:space="preserve" class="s2068092DefaultParagraphFont">(1)    A corporate name for the corporation that satisfies the requirements of §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-401"><span class="s2068092DefaultParagraphFont">47-1A-401</span></a><span xml:space="preserve" class="s2068092DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-401.3"><span class="s2068092DefaultParagraphFont">47-1A-401.3</span></a><span class="s2068092DefaultParagraphFont">, inclusive;</span></p><p dir="ltr" class="s2068092Normal-000001"><span class="s2068092DefaultParagraphFont">(2)    The number of shares the corporation is authorized to issue;</span></p><p dir="ltr" class="s2068092Normal-000001"><span class="s2068092DefaultParagraphFont">(3)    The street address of its principal office;</span></p><p dir="ltr" class="s2068092Normal-000001"><span xml:space="preserve" class="s2068092DefaultParagraphFont">(4)    The information required by § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=59-11-6"><span class="s2068092DefaultParagraphFont">59-11-6</span></a><span class="s2068092DefaultParagraphFont">; and</span></p><p dir="ltr" class="s2068092Normal-000001"><span class="s2068092DefaultParagraphFont">(5)    The name and address of each incorporator.</span></p><p dir="ltr" class="s2068092Normal"><span xml:space="preserve" class="s2068092000002"> </span></p><p dir="ltr" class="s2068092Normal"><span class="s2068092SCL">Source:</span><span xml:space="preserve" class="s2068092SCL-000003"> SL 2005, ch 239, § 28; SL 2008, ch 275, § 31.</span></p></div></body></html><br /><hr><br /><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 47-1A-202 - Articles of incorporation--Required provisions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068093Normal { 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.s2068093SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068093CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068093Normal-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.s2068093DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2068093Normal-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; } p.s2068093Normal-000002 { margin-left: 1.14in; text-indent: -0.44in; 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.s2068093000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068093SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068093SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2068093Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-202.1"><span class="s2068093SENU">47-1A-202.1</span></a><span xml:space="preserve" class="s2068093SENU">. </span><span class="s2068093CL">Articles of incorporation--Optional provisions.</span></p><p dir="ltr" class="s2068093Normal-000000"><span class="s2068093DefaultParagraphFont">The articles of incorporation may set forth:</span></p><p dir="ltr" class="s2068093Normal-000001"><span class="s2068093DefaultParagraphFont">(1)    The names and addresses of the individuals who are to serve as the initial directors;</span></p><p dir="ltr" class="s2068093Normal-000001"><span class="s2068093DefaultParagraphFont">(2)    Provisions not inconsistent with law regarding:</span></p><p dir="ltr" class="s2068093Normal-000002"><span class="s2068093DefaultParagraphFont">(a)    The purpose or purposes for which the corporation is organized;</span></p><p dir="ltr" class="s2068093Normal-000002"><span class="s2068093DefaultParagraphFont">(b)    Managing the business and regulating the affairs of the corporation;</span></p><p dir="ltr" class="s2068093Normal-000002"><span class="s2068093DefaultParagraphFont">(c)    Defining, limiting, and regulating the powers of the corporation, its board of directors, and shareholders;</span></p><p dir="ltr" class="s2068093Normal-000002"><span class="s2068093DefaultParagraphFont">(d)    A par value for authorized shares or classes of shares; and</span></p><p dir="ltr" class="s2068093Normal-000002"><span class="s2068093DefaultParagraphFont">(e)    The imposition of personal liability on shareholders for the debts of the corporation to a specified extent and upon specified conditions;</span></p><p dir="ltr" class="s2068093Normal-000001"><span class="s2068093DefaultParagraphFont">(3)    Any provision that under this chapter is required or permitted to be set forth in the bylaws;</span></p><p dir="ltr" class="s2068093Normal-000001"><span xml:space="preserve" class="s2068093DefaultParagraphFont">(4)    A provision eliminating or limiting the liability of a director to the corporation or its shareholders for money damages for any action taken, or any failure to take any action, as a director, except liability for the amount of a financial benefit received by a director to which the director is not entitled; an intentional infliction of harm on the corporation or the shareholders; a violation of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-833"><span class="s2068093DefaultParagraphFont">47-1A-833</span></a><span class="s2068093DefaultParagraphFont">; or an intentional violation of criminal law;</span></p><p dir="ltr" class="s2068093Normal-000001"><span xml:space="preserve" class="s2068093DefaultParagraphFont">(5)    A provision permitting or making obligatory indemnification of a director for liability, as defined in subdivision 47-1A-850(5), to any person for any action taken, or any failure to take any action, as a director, except liability for receipt of a financial benefit to which the director is not entitled; an intentional infliction of harm on the corporation or its shareholders; a violation of § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-833.1"><span class="s2068093DefaultParagraphFont">47-1A-833.1</span></a><span class="s2068093DefaultParagraphFont">; or an intentional violation of criminal law; and</span></p><p dir="ltr" class="s2068093Normal-000001"><span class="s2068093DefaultParagraphFont">(6)    Any provision limiting or denying preemptive rights to acquire additional or treasury shares of the corporation.</span></p><p dir="ltr" class="s2068093Normal"><span xml:space="preserve" class="s2068093000003"> </span></p><p dir="ltr" class="s2068093Normal"><span class="s2068093SCL">Source:</span><span xml:space="preserve" class="s2068093SCL-000004"> SL 2005, ch 239, § 29.</span></p></div></body></html><br /><hr><br /><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 47-1A-202 - Articles of incorporation--Required provisions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068094Normal { 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.s2068094SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068094CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068094Normal-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.s2068094DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068094000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068094SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068094SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } </style></head><body><div><p dir="ltr" class="s2068094Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-202.2"><span class="s2068094SENU">47-1A-202.2</span></a><span xml:space="preserve" class="s2068094SENU">. </span><span class="s2068094CL">Articles of incorporation--Corporate powers.</span></p><p dir="ltr" class="s2068094Normal-000000"><span class="s2068094DefaultParagraphFont">The articles of incorporation need not set forth any of the corporate powers enumerated in this chapter.</span></p><p dir="ltr" class="s2068094Normal"><span xml:space="preserve" class="s2068094000001"> </span></p><p dir="ltr" class="s2068094Normal"><span class="s2068094SCL">Source:</span><span xml:space="preserve" class="s2068094SCL-000002"> SL 2005, ch 239, § 30.</span></p></div></body></html><br /><hr><br /><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 47-1A-202 - Articles of incorporation--Required provisions. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2068095Normal { 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.s2068095SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068095CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2068095Normal-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.s2068095DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068095000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2068095SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2068095SCL-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="s2068095Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-202.3"><span class="s2068095SENU">47-1A-202.3</span></a><span xml:space="preserve" class="s2068095SENU">. </span><span class="s2068095CL">Articles of incorporation--Extrinsic facts.</span></p><p dir="ltr" class="s2068095Normal-000000"><span xml:space="preserve" class="s2068095DefaultParagraphFont">Provisions of the articles of incorporation may be made dependent upon facts objectively ascertainable outside the articles of incorporation in accordance with §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-120.1"><span class="s2068095DefaultParagraphFont">47-1A-120.1</span></a><span xml:space="preserve" class="s2068095DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-1A-120.3"><span class="s2068095DefaultParagraphFont">47-1A-120.3</span></a><span class="s2068095DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2068095Normal"><span xml:space="preserve" class="s2068095000001"> </span></p><p dir="ltr" class="s2068095Normal"><span class="s2068095SCL">Source:</span><span xml:space="preserve" class="s2068095SCL-000002"> SL 2005, ch 239, § 31.</span></p></div></body></html>