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Section 47-16-29 - Stock subscriptions--Irrevocability.

47-16-29. Stock subscriptions--Irrevocability. A subscription for stock of a cooperative is irrevocable for six months unless otherwise provided by the subscription agreement or unless all subscribers consent to the revocation.

Source: SDC 1939, § 11.1120 as enacted by SL 1965, ch 23, § 1.

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