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2019 South Dakota Codified Laws
Title 47 - Corporations
Chapter 16 - Cooperatives--Membership, Stock And Distributions
§ 47-16-52 Manner of payment.
Universal Citation: SD Codified L § 47-16-52 (2019)
47-16-52. Manner of payment. The distribution and payment of net proceeds of a cooperative under §§ 47-16-46 to 47-16-51, inclusive, may be in cash, credits, stock, certificates or interest, revolving fund certificates, letters of advice, or other certificates or securities of the cooperative or of other associations or corporations, in other property, or in any combination thereof.
Source: SDC 1939, § 11.1131 (5) as enacted by SL 1965, ch 23, § 1.
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