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Code · South Dakota · Title 47 · Chapter 47-16

47-16-52. Manner of payment.

54 words·~1 min read·/sd/title-47/chapter-47-16/47-16-52

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The distribution and payment of net proceeds of a cooperative under §§ 47-16-46 to 47-16-51 , inclusive, may be in cash, credits, stock, certificates or interest, revolving fund certificates, letters of advice, or other certificates or securities of the cooperative or of other associations or corporations, in other property, or in any combination thereof.
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