There is a newer version of the South Dakota Codified Laws
2014 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-44 Payments to employees.
SD Codified L § 47-16-44 (2014) What's This?
47-16-44. Payments to employees. A share of the net proceeds of a cooperative may be set aside for or paid to employees. Such amount shall for all purposes except the computation of net proceeds be deemed an expense of operation of the cooperative.
Source: SDC 1939, § 11.1131 (2) (b) as enacted by SL 1965, ch 23, § 1.
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