47-16-45. Dividends on capital stock--Conditions to payment.
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/sd/title-47/chapter-47-16/47-16-45A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
In a cooperative organized with capital stock such dividend from net proceeds may be paid upon capital stock as is authorized by the articles. No dividend may be paid if the capital is impaired or if payment of such dividend would result in an impairment of capital.