SDCL § 47-10-19: Nonstockholder members--Right to withdraw--Conditions.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-10. BUSINESS DEVELOPMENT CREDIT CORPORATIONS
Upon written notice given sixty days in advance, a nonstockholder member of a business development credit corporation may withdraw from such membership at the expiration date of such notice and after said expiration date shall cease to exercise any of the powers and privileges incidental to such membership and shall be free of any obligations in connection therewith except those obligations which have accrued or for which commitments have been made before said expiration date.
Collected 2026-09-03T15:18:57Z. Source file · JSON