Nonstockholder members--Establishment of line of credit.

Checkout our iOS App for a better way to browser and research.

47-10-17. Nonstockholder members--Establishment of line of credit.

Each nonstockholder member of a business development credit corporation shall establish a line of credit to the corporation as determined in the articles of incorporation.

Source: SL 1957, ch 314, §5; SDC Supp 1960, §55.6005 (2) (a).


Download our app to see the most-to-date content.