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S.D. Codified Laws § 47-16-29

Stock subscriptions--Irrevocability

Source: SDC 1939, § 11.1120 as enacted by SL 1965, ch 23, § 1.

A subscription for stock of a cooperative is irrevocable for six months unless otherwise provided by the subscription agreement or unless all subscribers consent to the revocation.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.