GroundRules
SDCL § 47-16-50: Credit to surplus and reserves.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS
If the articles or bylaws of a cooperative so provide, any of the net proceeds may be credited to allocated or unallocated surplus or reserves of the cooperative.
Collected 2026-09-03T15:18:57Z. Source file · JSON