<html xmlns="http://www.w3.org/1999/xhtml" lang="en-US"><head><meta charset="UTF-8"><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 47-24-18 - Definitions.</title><meta name="Generator" content="PowerTools for Open XML"><style>span { white-space: pre-wrap; } p.s2083339Normal { 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.s2083339SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083339CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2083339Statute { 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.s2083339DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083339StatuteNumber1 { margin-left: 0.75in; text-indent: -0.50in; 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.s2083339000000 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2083339NoIndent { text-indent: 0.00in; 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.s2083339DefaultParagraphFont-000001 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2083339SCL { 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><meta name="viewport" content="width=device-width, initial-scale=1"><meta name="twitter:card" content="summary"><meta property="og:title" content="SD 47-24-18 - Definitions."><meta property="og:description" content="SDLRC Codified Law 47-24-18 - Definitions."><meta property="og:type" content="website"><meta property="og:url" content="https://sdlegislature.gov/Statutes?Statute=47-24-18"><meta property="og:image" content="https://lawmakerdocuments.blob.core.usgovcloudapi.net/photos/logoshape.webp"><meta property="og:site_name" content="South Dakota Legislature"></head><body><div><p dir="ltr" class="s2083339Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-24-18" rel="noopener"><span class="s2083339SENU">47-24-18</span></a><span xml:space="preserve" class="s2083339SENU">. </span><span xml:space="preserve" class="s2083339CL">Definitions. </span></p><p dir="ltr" class="s2083339Statute"><span xml:space="preserve" class="s2083339DefaultParagraphFont">Terms as used in §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-24-19" rel="noopener"><span class="s2083339DefaultParagraphFont">47-24-19</span></a><span xml:space="preserve" class="s2083339DefaultParagraphFont"> and </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-24-20" rel="noopener"><span class="s2083339DefaultParagraphFont">47-24-20</span></a><span xml:space="preserve" class="s2083339DefaultParagraphFont"> mean:</span></p><p dir="ltr" class="s2083339StatuteNumber1"><span xml:space="preserve" class="s2083339DefaultParagraphFont">(1)    "Nonprofit corporation," as defined in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=47-22-1" rel="noopener"><span class="s2083339DefaultParagraphFont">47-22-1</span></a><span class="s2083339DefaultParagraphFont">;</span></p><p dir="ltr" class="s2083339StatuteNumber1"><span class="s2083339DefaultParagraphFont">(2)    "Charitable trust," as defined in section 4947(a)(1) of the United States Internal Revenue Code as amended and in effect on January 1, 2021.</span></p><p dir="ltr" class="s2083339Normal"><span xml:space="preserve" class="s2083339000000"> </span></p><p dir="ltr" class="s2083339NoIndent"><span xml:space="preserve" class="s2083339DefaultParagraphFont-000001">Source: </span><span class="s2083339SCL">SL 2021, ch 196, § 1.</span></p></div></body></html>