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SOUTH DAKOTA STATUTES AND CODES
Section 47-16-53 - Application of proceeds to prior losses.
47-16-53. Application of proceeds to prior losses. All or any part of the net proceeds of a cooperative may be applied to losses incurred in prior years, and the bylaws may also include any reasonable provisions for the apportionment of losses.
Source: SDC 1939, § 11.1131 (6) as enacted by SL 1965, ch 23, § 1.
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