SDCL § 47-16-59: Discretionary payment to claimant after forfeiture.
Where this section sits in the code
- TITLE 47. CORPORATIONS
- CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS
Notwithstanding the forfeiture of any money or property as provided in §§ 47-16-54 to 47-16-58, inclusive, the board of directors, in its discretion, at any time after such forfeiture, may authorize the payment of any such money, or delivery of any such property, to the person or persons who would have been entitled to receive the same in the absence of such forfeiture.
Collected 2026-09-03T15:18:57Z. Source file · JSON