Distribution of net proceeds.

  1. Law
  2. South Dakota Codified Laws
  3. Corporations
  4. Cooperatives Membership, Stock And Distributions
  5. Distribution of net proceeds.

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47-16-40. Distribution of net proceeds.

At least once annually the directors of a cooperative shall determine and distribute net proceeds as provided by §§47-16-41 to 47-16-53, inclusive.

Source: SDC 1939, §11.1131 as enacted by SL 1965, ch 23, §1.


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