S.D. Codified Laws § 47-16-47

Current through the 2024 Legislative Session

Section 47-16-47 - Creation of reserves-Credit to patrons

Reasonable reserves for necessary purposes may be created by a cooperative, which shall be credited to patrons in accordance with the ratio which their patronage bears to total patronage.

SDCL 47-16-47

SDC 1939, § 11.1131 (3) (a) as enacted by SL 1965, ch 23, § 1.