54-14-20. Exemption of certain entities from chapter.The State of South Dakota, any political subdivision of the state, and any quasi-governmental organization created by an executive order of the State of South Dakota and any subsidiary of such organization; any nonprofit corporation formed pursuant to chapter 47-22; any nonprofit United States Treasury Community Development Financial Institution, Small Business Administration Certified Development Company, or Regional Revolving Loan Fund; or any commercial club, chamber of commerce, or industrial development corporation formed pursuant to §9-12-11 or 9-27-37 is exempt from the requirements of this chapter. Source: SL 2007, ch 279, §9; SL 2008, ch 256, §1; SL 2009, ch 251, §24.
South Dakota Legal Code