Cooperatives may be organized under this chapter for any lawful purpose except banking and insurance.
S.D. Codified Laws § 47-15-2
Purposes--Banking and insurance prohibited
Known as the South Dakota Cooperative Association Act
The act spans §§ 47–47 (47 sections).
Applied in 1 court decision — leading case South Dakota Farm Bureau, Inc. v. Hazeltine (2002)
Most recently applied in South Dakota Farm Bureau, Inc. v. Hazeltine (May 2002)
Source: SDC 1939, § 11.1102 as enacted by SL 1965, ch 23, § 1; SL 1978, ch 337.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.