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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-11 Votes by member cooperatives.
Universal Citation: SD Codified L § 47-16-11 (2019)
47-16-11. Votes by member cooperatives. In the case of a cooperative composed only of member cooperative corporations, such member cooperatives shall have only one vote, except that the articles may permit either or both:
(1) A member cooperative to cast additional votes not exceeding a number equal to its membership;
(2) A cooperative whose member-patrons include other cooperative corporations to base voting in whole or in part on a patronage basis.
Source: SDC 1939, § 11.1114 (2) as enacted by SL 1965, ch 23, § 1.
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