{"data":{"id":"us-sd/sdcl-47-16-40","jurisdiction":"us-sd","citation":"SDCL § 47-16-40","heading":"Distribution of net proceeds.","body":"At least once annually the directors of a cooperative shall determine and distribute net proceeds as provided by §§ 47-16-41 to 47-16-53, inclusive.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS"],"source_url":"https://sdlegislature.gov/Statutes/47-16-40","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"652112537cad23964d1da94abf924bdcbb593698f5409325c7326406a26dd31f","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-16-39","next":"us-sd/sdcl-47-16-41"},"notice":"GroundRules: Original legal text. Not legal advice."}