{"data":{"id":"us-sd/sdcl-47-16-53","jurisdiction":"us-sd","citation":"SDCL § 47-16-53","heading":"Application of proceeds to prior losses.","body":"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.","path":["TITLE 47. CORPORATIONS","CHAPTER 47-16. COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS"],"source_url":"https://sdlegislature.gov/Statutes/47-16-53","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"066580bb42a67386ee7f0fd5eaf460b953961fc522bbc33b78a2991394cefd3d","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-47-16-52","next":"us-sd/sdcl-47-16-54"},"notice":"GroundRules: Original legal text. Not legal advice."}