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

SDCL § 47-16-38: Expenses of maintaining action--Disposition of proceeds.

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

If anything is recovered or obtained as the result of an action instituted or maintained in the right of any association by any member or stockholder, whether by means of compromise and settlement or by a judgment, the court may, out of the proceeds of the action, award the plaintiff the reasonable expenses of maintaining the action, including reasonable attorney's fees, and may direct the plaintiff to account to the cooperative for the remainder of such proceeds.

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

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