S.D. Codified Laws § 47-16-50

Current through the 2024 Legislative Session

Section 47-16-50 - Credit to surplus and reserves

If the articles or bylaws of a cooperative so provide, any of the net proceeds may be credited to allocated or unallocated surplus or reserves of the cooperative.

SDCL 47-16-50

SDC 1939, § 11.1131 (4) (a) as enacted by SL 1965, ch 23, § 1.