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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-49 Classification of patrons.
Universal Citation: SD Codified L § 47-16-49 (2019)
47-16-49. Classification of patrons. There shall be no distinction between the persons entitled to reserves and distributions under §§ 47-16-47 and 47-16-48, but such reserves and distribution may be based upon business done with particular departments or in particular commodities, supplies, or services, or upon classification of business according to the type or nature thereof.
Source: SDC 1939, § 11.1131 (3) (c) as enacted by SL 1965, ch 23, § 1.
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