South Dakota
Title 47 · Chapter 47-21
95 entries
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47-21-1. Definitions.
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47-21-2. Purpose and authority.
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47-21-3. Name of cooperative--Exceptions.
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47-21-4. Exclusive use of particular words.
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47-21-5. Requirement that name be distinct.
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47-21-6. Incorporators--Requisites and qualifications.
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47-21-7. Articles of incorporation--Unnecessary recitals--Signing of articles.
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47-21-8. Amendment of articles--Procedure--Two-thirds vote required.
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47-21-9. Required recitals in amendment--Affidavit of compliance.
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47-21-10. Board of directors--Bylaws--Meetings by teleconference.
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47-21-11. Compensation of directors.
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47-21-12. First directors--Term of office.
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47-21-13. Election of directors--Maximum term of office.
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47-21-14. Quorum of directors.
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47-21-15. Husband and wife as directors.
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47-21-16. Powers of board of directors.
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47-21-17. Directors not disqualified from acknowledging instruments.
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47-21-18. Adoption of first bylaws by directors--Subsequent bylaws adopted by members.
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47-21-19. Provisions of bylaws.
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47-21-20. Bylaw provision dividing area served into districts--Election of directors by districts--District meetings--Proxy voting prohibited.
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47-21-21. Officers--Election and qualifications--Removal of officers.
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47-21-21.1. 47-21-21.1. Repealed by SL 2007, ch 260, § 7.
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47-21-21.2. Indemnification of directors, officers, agents, and employees against liability under certain circumstances.
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47-21-21.3. Circumstances under which directors, officers, agents, and employees may not be indemnified.
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47-21-21.4. Indemnification of successful director, officer, agent, or employee for expenses incurred in proceeding.
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47-21-22. Conversion of corporation into cooperative.
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47-21-23. Submission of conversion proposition to stockholders--Notice of meeting.
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47-21-24. Two-thirds vote required for approval--Articles of conversion--Contents of articles--Affidavit of compliance.
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47-21-25. Consolidating cooperatives.
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47-21-26. Submission of consolidation proposition to members--Notice of meeting.
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47-21-27. Majority vote required for approval--Articles of consolidation--Contents of articles--Affidavit of compliance.
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47-21-28. Merging cooperatives.
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47-21-29. Submission of merger proposition to members--Notice of meeting.
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47-21-30. Majority vote required for approval--Articles of merger--Contents of articles--Affidavit of compliance.
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47-21-31. Articles of consolidation as governing consolidated cooperative--Articles of surviving cooperative as governing merged cooperative.
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47-21-32. Transfer of rights and obligations to surviving cooperative.
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47-21-33. Liabilities after consolidation or merger--Preexisting claims--Substitution of parties.
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47-21-34. Rights of creditors and lienors unaffected by consolidation or merger.
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47-21-35. Dissolution before commencement of business--Articles of dissolution--Majority approval required--Contents of articles.
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47-21-36. Dissolution after commencement of business.
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47-21-37. Submission of dissolution proposition to members--Majority vote required.
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47-21-38. Certificate of election to dissolve--Contents of certificate--Submission to secretary of state.
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47-21-39. Cessation of business--Continuance of corporate existence--Notice to creditors--Publication.
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47-21-40. Liquidation of affairs of cooperative--Distribution of assets--Rights of patrons--Rights of members--Distribution of remains.
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47-21-41. Articles of dissolution--Contents of articles.
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47-21-42. Delivery of articles to secretary of state--Fees--Effective date of action--Certificates of election to dissolve.
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47-21-43. Fee schedule of secretary of state.
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47-21-44. Encumbering cooperative property in favor of governmental agency permitted.
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47-21-45. Circumstances under which property may be transferred--Majority vote required--Transfer to security holders.
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47-21-46. Place of recordation of encumbrance.
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47-21-46.1. Filing and recording of trust deed or mortgage in Office of Secretary of State--Effect.
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47-21-46.2. Filing required under chapter 57A-9 to be maintained in Office of Secretary of State--Contents of financing statement--Termination of effectiveness.
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47-21-46.3. Filing of mortgage or trust deed covering less than fee simple interest--Effect--Termination--Sufficiency of description.
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47-21-46.4. Applicability of other laws--Single filing--Index.
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47-21-46.5. Assignment or discharge of trust deed or mortgage.
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47-21-46.6. Filing fee.
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47-21-47. After-acquired property as subject to encumbrance--Recordation as notice.
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47-21-48. Encumbrance against personal property--Continuance of lien without refiling.
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47-21-49. Members of cooperatives--Qualifications.
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47-21-50. Use of electric energy required--Failure to make energy available.
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47-21-51. Husband and wife as members--Membership not transferable--Additional qualifications of members.
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47-21-52. Liability of members for acts of cooperative.
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47-21-53. Annual members' meeting.
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47-21-54. Special meetings for members--Procedure for calling.
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47-21-55. Notice of meeting--Contents of notice--Method of giving notice.
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47-21-56. Quorum for members' meetings--Quorum for district meeting--Adjournment for failure of quorum.
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47-21-57. Voting by members--Spouse voting for member--Mail voting.
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47-21-58. Waiver of notice--Attendance as waiver--Exceptions.
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47-21-59. Powers of cooperative--Capacity to sue and be sued.
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47-21-60. Powers of cooperative--Perpetual existence.
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47-21-61. Powers of cooperative--Corporate seal.
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47-21-62. Powers of cooperative--Generation and distribution of electric energy.
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47-21-63. Powers of cooperative--Dealing in property and equipment.
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47-21-64. Powers of cooperative--Franchises, licenses and easements.
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47-21-65. Powers of cooperative--Borrowing--Security for borrowing.
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47-21-66. Powers of cooperative--Construction and maintenance of facilities on public lands.
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47-21-67. Powers of cooperative--Eminent domain.
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47-21-68. Powers of cooperative--Joining other cooperatives.
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47-21-69. Powers of cooperative--Extraterritorial powers.
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47-21-70. Powers of cooperative--Bylaws.
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47-21-71. Powers of cooperative--Other powers.
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47-21-72. Requirement that cooperative be nonprofit--Disposition of revenues.
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47-21-72.1. Directors not liable for distribution in good faith reliance on financial statements or accountants' reports.
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47-21-73. Municipal corporation or county grant to use public streets.
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47-21-74. Foreign cooperatives--Conditions to local operation--Statement to secretary of state--Contents of statement.
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47-21-75. Construction to comply with National Electrical Safety Code--Compliance establishes due care in negligence claim.
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47-21-76. Change of location of principal office--Certificate to secretary of state.
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47-21-77. Securities regulation laws inapplicable.
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47-21-78. Construction of chapter.
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47-21-79. Limitation of actions.
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47-21-80. Severability and saving clause.
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47-21-81. Citation of chapter.
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47-21-82. Cooperatives able to use property and funds to promote economic development and may lend money--Restrictions on loans.
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47-21-83. Forfeiture of unclaimed credits.
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47-21-84. Application of South Dakota's Public Communications Network Infrastructure.