2016 South Dakota Codified Laws
Title 37 - TRADE REGULATION
Chapter 04 - Public Commodity Exchanges
§ 37-4-4 Exchange rules controlling distribution of member profits deemed unreasonable.
37-4-4. Exchange rules controlling distribution of member profits deemed unreasonable. Any rule, regulation, or bylaw of a public market subject to this chapter which shall be designated or construed as controlling, limiting, or modifying the articles of incorporation, constitution, or bylaws of any association, company, or corporation in the distribution of its profits to its stockholders and members shall be deemed to be unreasonable.
Source: SDC 1939, ยง 54.0802.
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