Cooperatives Membership, Stock And Distributions

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. Cooperatives Membership, Stock And Distributions

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Section
47-16-1

Classes of members--Provisions in bylaws.

Section
47-16-2

Annual member meeting--Time of meeting.

Section
47-16-3

Special meetings.

Section
47-16-4

Member meetings--Location--Virtual participation.

Section
47-16-5

Member meetings--Notice--Virtual meeting.

Section
47-16-6

Notice to delegates or alternates.

Section
47-16-7

Member meetings--Quorum.

Section
47-16-8

Action without meeting.

Section
47-16-9

Consent to action without meeting.

Section
47-16-10

Votes at meeting.

Section
47-16-11

Votes by member cooperatives.

Section
47-16-12

Vote by member owning membership stock.

Section
47-16-13

Proxy votes--Delegate votes.

Section
47-16-14

Member voting.

Section
47-16-15

Voting by representatives.

Section
47-16-16

Voting by organizations.

Section
47-16-17

Voting rights conditioned upon membership payment.

Section
47-16-18

Other votes prohibited.

Section
47-16-19

Bylaws provisions for voting.

Section
47-16-20

Percentage of vote.

Section
47-16-21

Capital stock--Classes of stock.

Section
47-16-22

Membership stock--Transfer of stock.

Section
47-16-23

Cooperative dealing in own stock.

Section
47-16-24

Consideration for stock.

Section
47-16-25

Reacquisition of stock.

Section
47-16-26

Stockholders' preemptive rights.

Section
47-16-27

Stock certificates--Conditions to issuance.

Section
47-16-28

Statements required on stock certificates.

Section
47-16-29

Stock subscriptions--Irrevocability.

Section
47-16-30

Liability of subscribers.

Section
47-16-31

Missing securities--Issuance of duplicate.

Section
47-16-32

Missing securities--Redemption--Procedure.

Section
47-16-33

Liability on securities wrongfully transferred--Notice.

Section
47-16-34

Definition of transfers and transferors.

Section
47-16-35

Actions by stockholders or members--Allegations respecting ownership.

Section
47-16-36

Actions by stockholders or members--Additional allegations.

Section
47-16-37

Approval of court required for termination of action.

Section
47-16-38

Expenses of maintaining action--Disposition of proceeds.

Section
47-16-39

Security for costs--Amount of security.

Section
47-16-40

Distribution of net proceeds.

Section
47-16-41

Deductions from total proceeds.

Section
47-16-42

Procedure for distribution.

Section
47-16-43

47-16-43.Repealed by SL 2009, ch 230, §1.

Section
47-16-44

Payments to employees.

Section
47-16-45

Dividends on capital stock--Conditions to payment.

Section
47-16-46

Distributions to patrons.

Section
47-16-47

Creation of reserves--Credit to patrons.

Section
47-16-48

Ratio of patronage as determining payment to patron.

Section
47-16-49

Classification of patrons.

Section
47-16-50

Credit to surplus and reserves.

Section
47-16-51

Remaining funds--Distribution to patrons--Distinction between members and nonmembers--Classification of patrons.

Section
47-16-52

Manner of payment.

Section
47-16-53

Application of proceeds to prior losses.

Section
47-16-54

Unclaimed credits--Forfeiture to cooperative.

Section
47-16-55

Procedure for forfeiture--Resolution--Time limit for claim.

Section
47-16-56

Notice to claimant--Contents of notice.

Section
47-16-57

Notice by publication.

Section
47-16-58

Applicability to preexisting claims.

Section
47-16-59

Discretionary payment to claimant after forfeiture.

Section
47-16-60

Filing false document as felony.

Section
47-16-61

Report of forfeited sums to administrator.