Section 47-16-50 - Credit to surplus and reserves. - South Dakota Statutes

47-16-50. Credit to surplus and reserves. If the articles or bylaws of a cooperative so provide, any of the net proceeds may be credited to allocated or unallocated surplus or reserves of the cooperative.

Source: SDC 1939, § 11.1131 (4) (a) as enacted by SL 1965, ch 23, § 1.