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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-25 Reacquisition of stock.
Universal Citation: SD Codified L § 47-16-25 (2019)
47-16-25. Reacquisition of stock. When stock is acquired, recalled, exchanged, or redeemed by the cooperative, such stock is restored to the status of authorized but unissued stock.
Source: SDC 1939, § 11.1118 (4) as enacted by SL 1965, ch 23, § 1.
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