Section 47-20-3 - Court order for production of books and records--Violation--Penalty. - South Dakota Statutes

47-20-3. Court order for production of books and records--Violation--Penalty. In any proceedings, or upon petition for such purpose any court of record may, upon notice and after hearing at which proper cause is shown, and upon suitable terms, order any of the cooperative's books or records, and any other pertinent documents in its possession, or duly authenticated copies thereof, to be brought within this state. Such documents shall be kept at such place and for such time and purposes as the order designates. Any cooperative failing to comply with the order is subject to dissolution, and its directors and officers are liable for contempt of court.

Source: SDC 1939, § 11.1133 (2) as enacted by SL 1965, ch 23, § 1.