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Code · South Dakota · Title 47 · Chapter 47-18

47-18-26. Assets distributable to unknown persons--Deposit in state treasury--Subsequent claim--Time limitation.

77 words·~1 min read·/sd/title-47/chapter-47-18/47-18-26

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Upon liquidation of a cooperative, the assets distributable to persons who are unknown or cannot be found may be reduced to cash and deposited with the state treasury. If claimed within ten years thereafter such funds shall be paid without interest to persons entitled thereto upon proof satisfactory to the state treasurer of their right thereto. If not claimed within ten years, such funds shall become the property of the state to be used in furthering agriculture.
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