47-16-1. Classes of members--Provisions in bylaws.
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/sd/title-47/chapter-47-16/47-16-1A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A cooperative may have one or more classes of members. Provisions for qualifications, requirements, method of acceptance, terms, conditions, termination, and other incidents of membership shall be set forth in the bylaws. Any person, including a partnership, a firm, an unincorporated association, a cooperative, a corporation, or a body politic, may become a member in accordance with the bylaws.