Certificate of election to dissolve--Contents of certificate--Submission to secretary of state.

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47-21-38. Certificate of election to dissolve--Contents of certificate--Submission to secretary of state.

Upon approval pursuant to §47-21-37 of a proposition to dissolve, a certificate of election to dissolve (hereinafter designated the "certificate"), executed and acknowledged on behalf of the cooperative by its president or vice-president under its seal, attested by its secretary and stating:

(1)The name of the cooperative;

(2)The address of its principal office; and

(3)That the members of the cooperative have duly voted that the cooperative be dissolved,

shall, together with an affidavit made by its president or vice-president executing the certificate, stating that the statements in the certificate are true, be submitted to the secretary of state for filing.

Source: SL 1947, ch 33, §21; SDC Supp 1960, §11.2221 (2).


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