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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-50 Credit to surplus and reserves.
Universal Citation: SD Codified L § 47-16-50 (2019)
47-16-50. Credit to surplus and reserves. If the articles or bylaws of a cooperative so provide, any of the net proceeds may be credited to allocated or unallocated surplus or reserves of the cooperative.
Source: SDC 1939, § 11.1131 (4) (a) as enacted by SL 1965, ch 23, § 1.
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