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Form a Business

Distribution of net proceeds.

SDCL § 47-16-40
in effect
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47-16-40. Distribution of net proceeds. 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. SDC 1939, § 11.1131 as enacted by SL 1965, ch 23, § 1.
Source: South Dakota Legislature (sdlegislature.gov)URL: https://sdlegislature.gov/Statutes/47-16-40Fetched: 10/20/2026

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