South Dakota Statement of Reduction of Capital of a Corporation

State:
Multi-State
Control #:
US-1083BG
Format:
Word; 
Rich Text
Instant download

Description

Stated Capital is the nominal value (or "par" value) of all the outstanding shares of a corporation. Generally, it is an amount equal to the cash consideration (or equivalent fair value of property or past services) received by a corporation in exchange for the issue of shares.
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FAQ

Hear this out loud PauseThe Act aims to modernize and streamline state regulation of money transmitters while promoting innovation and consumer protection.

51A-17-4. License to engage in business of money transmission required. No person, other than a person who is exempt under § 51A-17-3, may engage in the business of money transmission in this state without obtaining a license in ance with this chapter and undergoing a criminal background investigation.

Hear this out loud PauseGenerally speaking, South Dakota's interest rate limit is 15 percent. Beyond this fact, there is no usury limitation per se in the State of South Dakota.. There are some limitations on consumer loans below $5,000 when it comes to the manner in which they can be made and in regard to related matters.

Hear this out loud Pause59-12-4. Execution of power of attorney. A power of attorney shall be signed by the principal or in the principal's conscious presence by another individual directed by the principal to sign the principal's name on the power of attorney.

Hear this out loud Pause?...a business that sells or issues payment instruments or prepaid access, or receives currency, funds, or other value that substitutes for currency and transfers currency, funds, or other value that substitutes for currency to another person or a location within or outside the United States by any means, including ...

43-4-21. Imposition and amount of real estate transfer fee. A fee is hereby imposed at the rate of fifty cents for each five hundred dollars of value or fraction thereof upon the privilege of transferring title to real property in the State of South Dakota, which fee shall be paid by the grantor.

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South Dakota Statement of Reduction of Capital of a Corporation