S.D. Codified Laws § 47-10-19

Current with legislation signed by the governor on or before 3/6/2024
Section 47-10-19 - Nonstockholder members-Right to withdraw-Conditions

Upon written notice given sixty days in advance, a nonstockholder member of a business development credit corporation may withdraw from such membership at the expiration date of such notice and after said expiration date shall cease to exercise any of the powers and privileges incidental to such membership and shall be free of any obligations in connection therewith except those obligations which have accrued or for which commitments have been made before said expiration date.

SDCL 47-10-19

SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (c).