Nonstockholder members--Establishment of line of credit

SDCL § 47-10-17 — under BUSINESS DEVELOPMENT CREDIT CORPORATIONS.

SDCL § 47-10-17

Each nonstockholder member of a business development credit corporation shall establish a line of credit to the corporation as determined in the articles of incorporation. Source: SL 1957, ch 314 , § 5; SDC Supp 1960, § 55.6005 (2) (a).