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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-42 Procedure for distribution.
Universal Citation: SD Codified L § 47-16-42 (2019)
47-16-42. Procedure for distribution. After the deductions required by § 47-16-41, the remainder of the total proceeds of a cooperative are net proceeds and shall be distributed and paid as provided by §§ 47-16-44 and 47-16-45.
Source: SDC 1939, § 11.1131 (2) as enacted by SL 1965, ch 23, § 1.
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