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

47-16-55. Procedure for forfeiture--Resolution--Time limit for claim.

51 words·~1 min read·/sd/title-47/chapter-47-16/47-16-55

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A motion or resolution may be passed or adopted by the board of directors of a cooperative declaring the forfeiture of any money or property described in § 47-16-54 unless the same is claimed by the person or persons entitled thereto within six months after notice of such forfeiture is given.
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