47-16-44. Payments to employees.
39 words·~1 min read·
/sd/title-47/chapter-47-16/47-16-44A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A share of the net proceeds of a cooperative may be set aside for or paid to employees. Such amount shall for all purposes except the computation of net proceeds be deemed an expense of operation of the cooperative.