§ 47-11g-1

47-11G-1. Definition of terms.As used in this chapter:(1)'Articles of incorporation,' includes the articles of organization of a limited liability company;(2)'Corporation,' includes 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,' includes any manager of a limited liability company or the members of a limited liability company that does not have managers;(4)'Incorporation,' includes the organization of a limited liability company;(5)'Shareholders,' includes the members of a limited liability company; and(6)'Shares,' includes membership interests in a limited liability company. Source: SL 2022, ch 167, §1.