State Codes and Statutes

Statutes > South-dakota > Title-40 > Chapter-23 > Statute-40-23-23

40-23-23. Reserves established by directors. The directors shall have power to set up such reserves as in their judgment may be advisable, after all costs, expenses, rentals, and other legal charges against the association have been provided for.

Source: SDC 1939, § 40.1806 (8).

State Codes and Statutes

Statutes > South-dakota > Title-40 > Chapter-23 > Statute-40-23-23

40-23-23. Reserves established by directors. The directors shall have power to set up such reserves as in their judgment may be advisable, after all costs, expenses, rentals, and other legal charges against the association have been provided for.

Source: SDC 1939, § 40.1806 (8).