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

SDCL § 47-16-53: Application of proceeds to prior losses.

Where this section sits in the code

TITLE 47. CORPORATIONS
CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS

All or any part of the net proceeds of a cooperative may be applied to losses incurred in prior years, and the bylaws may also include any reasonable provisions for the apportionment of losses.

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

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