47-16-23. Cooperative dealing in own stock.
56 words·~1 min read·
/sd/title-47/chapter-47-16/47-16-23A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Unless the articles provide otherwise, a cooperative may acquire, recall, exchange, redeem, and reissue its own stock. Provisions in the articles and on the stock certificate may reserve to the cooperative a prior right to acquire any stock offered for sale, or a right to recall the stock of any stockholder, or both of said rights.