Section 47-16-52 - Manner of payment. - South-dakota Statutes

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47-16-52. Manner of payment. 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.

Source: SDC 1939, § 11.1131 (5) as enacted by SL 1965, ch 23, § 1.

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-16 > Statute-47-16-52

47-16-52. Manner of payment. 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.

Source: SDC 1939, § 11.1131 (5) as enacted by SL 1965, ch 23, § 1.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-16 > Statute-47-16-52

47-16-52. Manner of payment. 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.

Source: SDC 1939, § 11.1131 (5) as enacted by SL 1965, ch 23, § 1.