Membership rights on transfer of land.

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40-23-14. Membership rights on transfer of land.

When any member of a cooperative grazing district shall dispose of all or a part of the lands owned or leased by him so that another individual or other individuals shall by the purchase and ownership or lease of such lands acquire right to membership, then the rights and interests involved shall be determined by the bylaws.

Source: SDC 1939, §40.1804.


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