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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-23 Cooperative dealing in own stock.
Universal Citation: SD Codified L § 47-16-23 (2019)
47-16-23. Cooperative dealing in own stock. Unless the articles provide otherwise, a cooperative may acquire, recall, exchange, redeem, and reissue its own stock. Provisions in the articles and on the stock certificate may reserve to the cooperative a prior right to acquire any stock offered for sale, or a right to recall the stock of any stockholder, or both of said rights.
Source: SDC 1939, § 11.1118 (3) as enacted by SL 1965, ch 23, § 1.
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