Missing securities--Issuance of duplicate.

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47-16-31. Missing securities--Issuance of duplicate.

When a security issued by a cooperative is missing, the cooperative shall issue a duplicate security if the owner so requests and furnishes an indemnity acceptable to the cooperative.

Source: SDC 1939, §11.1121 (1) as enacted by SL 1965, ch 23, §1.


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