STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Chapter 16 - Cooperatives--Membership, Stock And Distributions

• Section 47-16-1 - Classes of members--Provisions in bylaws.
• Section 47-16-2 - Annual member meeting--Time of meeting.
• Section 47-16-3 - Special meetings.
• Section 47-16-4 - Place of meetings.
• Section 47-16-5 - Notice of meetings--Contents of notice.
• Section 47-16-6 - Notice to delegates or alternates.
• Section 47-16-7 - Quorum provisions--Computation of quorum--Quorum for district meeting.
• Section 47-16-8 - Action without meeting.
• Section 47-16-9 - Consent to action without meeting.
• Section 47-16-10 - Votes at meeting.
• Section 47-16-11 - Votes by member cooperatives.
• Section 47-16-12 - Vote by member owning membership stock.
• Section 47-16-13 - Proxy votes--Delegate votes.
• Section 47-16-14 - Absentee voting.
• Section 47-16-15 - Voting by representatives.
• Section 47-16-16 - Voting by organizations.
• Section 47-16-17 - Voting rights conditioned upon membership payment.
• Section 47-16-18 - Other votes prohibited.
• Section 47-16-19 - Bylaws provisions for voting.
• Section 47-16-20 - Percentage of vote.
• Section 47-16-21 - Capital stock--Classes of stock.
• Section 47-16-22 - Membership stock--Transfer of stock.
• Section 47-16-23 - Cooperative dealing in own stock.
• Section 47-16-24 - Consideration for stock.
• Section 47-16-25 - Reacquisition of stock.
• Section 47-16-26 - Stockholders' preemptive rights.
• Section 47-16-27 - Stock certificates--Conditions to issuance.
• Section 47-16-28 - Statements required on stock certificates.
• Section 47-16-29 - Stock subscriptions--Irrevocability.
• Section 47-16-30 - Liability of subscribers.
• Section 47-16-31 - Missing securities--Issuance of duplicate.
• Section 47-16-32 - Missing securities--Redemption--Procedure.
• Section 47-16-33 - Liability on securities wrongfully transferred--Notice.
• Section 47-16-34 - Definition of transfers and transferors.
• Section 47-16-35 - Actions by stockholders or members--Allegations respecting ownership.
• Section 47-16-36 - Actions by stockholders or members--Additional allegations.
• Section 47-16-37 - Approval of court required for termination of action.
• Section 47-16-38 - Expenses of maintaining action--Disposition of proceeds.
• Section 47-16-39 - Security for costs--Amount of security.
• Section 47-16-40 - Distribution of net proceeds.
• Section 47-16-41 - Deductions from total proceeds.
• Section 47-16-42 - Procedure for distribution.
• Section 47-16-43 - Repealed.
• Section 47-16-44 - Payments to employees.
• Section 47-16-45 - Dividends on capital stock--Conditions to payment.
• Section 47-16-46 - Distributions to patrons.
• Sections 47-16-47, 47-16-48 - Creation of reserves--Credit to patrons. Ratio of patronage as determining payment to patron
• Section 47-16-49 - Classification of patrons.
• Section 47-16-50 - Credit to surplus and reserves.
• Section 47-16-51 - Remaining funds--Distribution to patrons--Distinction between members andnonmembers--Classification of patrons.
• Section 47-16-52 - Manner of payment.
• Section 47-16-53 - Application of proceeds to prior losses.
• Section 47-16-54 - Unclaimed credits--Forfeiture to cooperative.
• Section 47-16-55 - Procedure for forfeiture--Resolution--Time limit for claim.
• Section 47-16-56 - Notice to claimant--Contents of notice.
• Section 47-16-57 - Notice by publication.
• Section 47-16-58 - Applicability to preexisting claims.
• Section 47-16-59 - Discretionary payment to claimant after forfeiture.
• Section 47-16-60 - Filing false document as felony.