Unauthorized acting as corporation--Liability.

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  2. South Dakota Codified Laws
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  4. Nonprofit Corporations Formation And General Powers
  5. Unauthorized acting as corporation--Liability.

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47-22-73. Unauthorized acting as corporation--Liability.

All persons who assume to act as a corporation without authority so to do shall be jointly and severally liable for all debts and liabilities incurred or arising as a result thereof.

Source: SL 1965, ch 24, §98.


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