Section 37-4-4 - Exchange rules controlling distribution of member profits deemed unreasonable. - South Dakota Statutes

37-4-4. Exchange rules controlling distribution of member profits deemed unreasonable. Any rule, regulation, or bylaw of a public market subject to this chapter which shall be designated or construed as controlling, limiting, or modifying the articles of incorporation, constitution, or bylaws of any association, company, or corporation in the distribution of its profits to its stockholders and members shall be deemed to be unreasonable.

Source: SDC 1939, § 54.0802.