S.D. Codified Laws § 47-16-22
Current through the 2024 Legislative Session
The articles of a cooperative may require that members own one or more shares of membership stock. Such stock shall be issued or transferred only to a person eligible to become a member, and only when such person satisfies other requisites for membership. Unless restricted by the articles, stock other than membership stock may be issued or transferred to any person.
SDCL 47-16-22