No corporation shall engage in any business other than that expressly authorized in its charter, nor shall it take or hold any real estate except such as may be necessary and proper for its legitimate business.
S.D. Const. art. XVII, § 7 — under Public Accounts and Expenditures.
S.D. Const. art. XVII, § 7
Business to Be Expressed in Charter--Real Estate Restricted
No corporation shall engage in any business other than that expressly authorized in its charter, nor shall it take or hold any real estate except such as may be necessary and proper for its legitimate business.