Each corporation shall have power to have and exercise all powers necessary or convenient to effect any or all of the purposes for which the corporation is organized. Source: SL 1965, ch 24 , § 5 (17).
SDCL § 47-22-68 — under NONPROFIT CORPORATIONS--FORMATION AND GENERAL POWERS.
SDCL § 47-22-68
Each corporation shall have power to have and exercise all powers necessary or convenient to effect any or all of the purposes for which the corporation is organized. Source: SL 1965, ch 24 , § 5 (17).