Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members.
S.D. Codified Laws § 47-10-21
Nonstockholder members--Right to share in surplus
Source: SL 1957, ch 314, § 5; SDC Supp 1960, § 55.6005 (2) (e).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.