47-15-7. Issuance of certificate of incorporation--Certificate as conclusive evidence of proper incorporation.
Upon receipt of the articles of incorporation and payment of the required fees the secretary of state shall issue a certificate of incorporation. The certificate of incorporation shall be conclusive evidence, except as against the state in a proceeding to cancel or revoke such certificate, that all conditions precedent to corporate existence have been met.
Source: SDC 1939, §11.1108 as enacted by SL 1965, ch 23, §1.