§ 47-11e-1-1

47-11E-1.1. Definition of terms.Terms used in this chapter shall also include the following terms:(1)'Articles of incorporation,' the articles of organization of a limited liability company;(2)'Corporation,' both corporations under the South Dakota Business Corporations Act and limited liability companies under the South Dakota Limited Liability Company Act;(3)'Director' or 'officer,' any manager of a limited liability company or the members of a limited liability company that does not have managers;(4)'Incorporation,' the members of a limited liability company;(5)'Shareholders,' the members of a limited liability company;(6)'Shares' or 'stock,' membership interests in a limited liability company. Source: SL 2000, ch 222, §3.