Effective July 1, House Bill 1248 addresses the filing and recording of secured transactions with the Secretary of State. http://legiscan.com/SD/bill/HB1248/2018
South Dakota – Nonprofit to Profit Corporation Conversion
Effective July 1, South Dakota permits the conversion of nonprofit corporations to profit corporations. Signed on March 15, the bill outlines the lawful purposes of organizations allowed to make this conversion. http://legis.sd.gov/legislative_session/bills/Bill.aspx?File=HB1068ENR.htm&Session=2016
South Dakota – Surplus Lines Premium Tax Submissions
The Division of insurance has issued Bulletin 16-05 explaining surplus lines premium tax submissions and NIMA’s dissolution. http://dlr.sd.gov/insurance/bulletins/bulletin_16_05_nima.pdf
South Dakota – Nonprofit Corporations
House Bill 1068 allows the domestication of foreign and domestic nonprofit corporations. Additionally, it provides for the conversion of a nonprofit into a business corporation and vice versa. For more information on the bill, visit the link below. http://legis.sd.gov/Legislative_Session/Bills/Bill.aspx?File=HB1068ENR.htm&Session=2016&Bill=1068