Nonstockholder members of a business development credit corporation do not assume any liability for the debts of the corporation. Source: SL 1957, ch 314 , § 5; SDC Supp 1960, § 55.6005 (2) (d).
Nonstockholder members--Liability for debts
SDCL § 47-10-20 — under BUSINESS DEVELOPMENT CREDIT CORPORATIONS.
SDCL § 47-10-20