South Dakota Constitution

Adopted by Constitutional Convention July 4, 1889

Ratified by vote of the People October 1, 1889

Became effective upon Admission November 2, 1889

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Table of Contents

Article XVII. Corporations.

Special corporation laws prohibited--State-controlled corporations excepted

Invalidation of charters without bona fide organization and business

Laws for benefit of corporation as conditioned on compliance with Constitutional provision

Corporations subject to eminent domain--Police power

Casting of votes for directors or managers

Place of business and authorized agent required of foreign corporation

Business to be expressed in charter--Real estate restricted

Stocks and bonds--Indebtedness increase

Legislature's power to alter, revise, or annul corporate charters--Creation, renewal, or extension

Local consent required for grant of street railroad right

Construction and maintenance of telegraph lines--Controlling interest in competing company prohibited

Railroad corporations

Movable property of railroad corporation considered personalty--Execution and sale

Consolidation of railroad lines--Forfeiture of charter for evasion of provisions

Railways and rail companies declared public highways and common carriers-- Regulation of rates

Right to construct and operate railroad--Passengers, tonnage, and cars

Rate discrimination prevention

Compensation for private property taken for public use--Assessment of damages

Corporations defined

Monopolies and trusts prohibited--Combinations in restraint of trade--Legislative powers

Corporate or syndicate farming prohibited--Definitions--Restrictions

Restrictions--Application

Loss of qualification--Requalification or dissolution

Annual report--Violations--Action and enforcement