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

SDCL § 47-16-46: Distributions to patrons.

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Where this section sits in the code
  1. TITLE 47. CORPORATIONS
  2. 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

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