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Powers of cooperatives--Contracts--Encumbrances.

SDCL § 47-15-30
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47-15-30. Powers of cooperatives--Contracts--Encumbrances. Unless otherwise provided by its articles, a cooperative may (1) Make contracts, incur liabilities, and borrow money; (2) Issue certificates representing indebtedness, or representing equity interests in its assets; (3) Acquire property; (4) Dispose of, mortgage, pledge, lease, or otherwise use in any manner any of its property, or any interest therein, wherever situated. SDC 1939, § 11.1103 (4) as enacted by SL 1965, ch 23, § 1.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-15-30Fetched: 10/20/2026

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