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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 47-16-30: Liability of subscribers.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS

Except for debts lawfully contracted between the member and the cooperative, no member or patron is liable for the debts of the cooperative to an amount exceeding the sum remaining unpaid on his subscription for shares of the cooperative, and the sum unpaid on such members membership fees, if such fee is required by the cooperative.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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