Procedure for distribution.

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47-16-42. Procedure for distribution.

After the deductions required by §47-16-41, the remainder of the total proceeds of a cooperative are net proceeds and shall be distributed and paid as provided by §§47-16-44 and 47-16-45.

Source: SDC 1939, §11.1131 (2) as enacted by SL 1965, ch 23, §1.


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