47-22-2Applicability to domestic corporations.

The provisions of chapters 47-22 to 47-28, inclusive, relating to domestic corporations shall apply to:

(1)    All corporations organized hereunder; and

(2)    All nonprofit corporations organized before July 1, 1965, under any act repealed.

Source: SL 1965, ch 24, ยง 3.




SDLRC - Codified Law 47-22-2 - Applicability to domestic corporations.

47-22-2.1Applicability to corporations existing prior to 1965.

Any nonprofit corporation in existence prior to 1965 may continue to operate as provided by its charter notwithstanding chapters 47-22 to 47-28, inclusive.

Source: SL 1984, ch 300.