S.D. Codified Laws § 47-16-48

Current through the 2024 Legislative Session

Section 47-16-48 - Ratio of patronage as determining payment to patron

All the remainder of the net proceeds of a cooperative after reserves created pursuant to § 47-16-47 shall be distributed and paid to patrons in accordance with the ratio which their patronage bears to total patronage.

SDCL 47-16-48

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