SDCL § 47-15-30: Powers of cooperatives--Contracts--Encumbrances.

Unless otherwise provided by its articles, a cooperative may

(1) Make contracts, incur liabilities, and borrow money;

(2) Issue certificates representing indebtedness, or representing equity interests in its assets;

(3) Acquire property;

(4) Dispose of, mortgage, pledge, lease, or otherwise use in any manner any of its property, or any interest therein, wherever situated.