Certificate of incorporation--Name of corporation--Powers

After filing of the articles of incorporation and affidavit pursuant to § 49-30-2 , a certificate of corporate existence, under the seal of the state and signed by the Governor and secretary of state, shall be issued to the subscribers to such articles; and all such persons who shall thereafter become stockholders in such corporation shall be a corporation by the name specified in such articles, and shall possess all the powers and privileges and be subject to all the provisions of this chapter applicable thereto. Source: SDC 1939, § 52.1303.