{"data":{"id":"us-sd/sdcl-47-16-22","jurisdiction":"us-sd","citation":"SDCL § 47-16-22","heading":"Membership stock--Transfer of stock.","body":"The articles of a cooperative may require that members own one or more shares of membership stock. Such stock shall be issued or transferred only to a person eligible to become a member, and only when such person satisfies other requisites for membership. Unless restricted by the articles, stock other than membership stock may be issued or transferred to any person.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS"],"source_url":"https://sdlegislature.gov/Statutes/47-16-22","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"99c6188e1aef5cf810c778aaaf9f1e9e14ed3f7b12b6898df03fe2b3cba3cb3e","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-16-21","next":"us-sd/sdcl-47-16-23"},"notice":"GroundRules: Original legal text. Not legal advice."}