Section 47-16-44 - Payments to employees. - South Dakota Statutes

47-16-44. Payments to employees. A share of the net proceeds of a cooperative may be set aside for or paid to employees. Such amount shall for all purposes except the computation of net proceeds be deemed an expense of operation of the cooperative.

Source: SDC 1939, § 11.1131 (2) (b) as enacted by SL 1965, ch 23, § 1.