GroundRules
SDCL § 47-16-22: Membership stock--Transfer of stock.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS
The articles of a cooperative may require that members own one or more shares of membership stock. Such stock shall be issued or transferred only to a person eligible to become a member, and only when such person satisfies other requisites for membership. Unless restricted by the articles, stock other than membership stock may be issued or transferred to any person.
Collected 2026-09-03T15:18:57Z. Source file · JSON