{"data":{"id":"us-sd/sdcl-47-15-40","jurisdiction":"us-sd","citation":"SDCL § 47-15-40","heading":"Promotion expenses--Commissions on stock sales--Limitations.","body":"No cooperative funds may be used, nor any stock issued, in payment of any promotion expenses in excess of ten percent of the paid-up capital stock or membership fees. No commission or expenses shall be paid on the sale of stock in excess of ten percent of the par value thereof.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-15. COOPERATIVES--FORMATION AND GENERAL POWERS"],"source_url":"https://sdlegislature.gov/Statutes/47-15-40","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"77b399a646012cbf320b1e3ffe2b083730d5cf01f590d5ea7b58295ed6aa61f2","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-15-39","next":"us-sd/sdcl-47-15-41"},"notice":"GroundRules: Original legal text. Not legal advice."}