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2018 South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-1 Classes of members--Provisions in bylaws.
Universal Citation: SD Codified L § 47-16-1 (2018)
47-16-1. Classes of members--Provisions in bylaws. A cooperative may have one or more classes of members. Provisions for qualifications, requirements, method of acceptance, terms, conditions, termination, and other incidents of membership shall be set forth in the bylaws. Any person, including a partnership, a firm, an unincorporated association, a cooperative, a corporation, or a body politic, may become a member in accordance with the bylaws.
Source: SDC 1939, § 11.1113 as enacted by SL 1965, ch 23, § 1.
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