SDCL § 47-16-46: Distributions to patrons.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS
Unless the articles or bylaws of a cooperative otherwise expressly provide, none of the remainder of the net proceeds after distributions and payments pursuant to §§ 47-16-44 and 47-16-45 shall constitute income of the cooperative but all thereof shall be distributed and paid to patrons, whether members or not, as provided by §§ 47-16-47 to 47-16-49, inclusive.
Collected 2026-09-03T15:18:57Z. Source file · JSON