All existing charters, or grants of special or exclusive privileges under which a bona fide organization shall not have taken place and business been commenced in good faith at the time this Constitution takes effect, shall thereafter have no validity.
Invalidation of Charters without Bona Fide Organization and Business
S.D. Const. art. XVII, § 2 — under Public Accounts and Expenditures.
S.D. Const. art. XVII, § 2
Invalidation of Charters without Bona Fide Organization and Business