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Form a Business

Nonstockholder members--Right to share in surplus.

SDCL § 47-10-21
in effect
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47-10-21. Nonstockholder members--Right to share in surplus. Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members. SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (e).
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-10-21Fetched: 10/20/2026

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