South Dakota § 37-26-1 Definition of terms.

South Dakota Statutes

§ 37-26-1 — Definition of terms.

South Dakota § 37-26-1

Title 37TRADE REGULATION

Ch. 37-26BUYING CLUBS

This text of South Dakota § 37-26-1 (Definition of terms.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 37-26-1 (2026).

Text

Terms used throughout this chapter unless the context plainly requires otherwise shall mean:

(1)"Buying club," any corporation, partnership, unincorporated association, or other business enterprise organized with the primary purpose of providing benefits to members from the cooperative purchase of services or merchandise;

(2)"Club," any buying club;

(3)"Contract," any written agreement by which one becomes a member of a club;

(4)"Member," any status by which any natural person is entitled to any of the benefits of a club;

(5)"Prepayment," any payment greater than twenty - five dollars for service, merchandise or membership made before the service is rendered. Money received by a club from a financial institution upon assignment of a contract shall be considered prepayme

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Terms used throughout this chapter unless the context plainly requires otherwise shall mean: (1) "Buying club," any corporation, partnership, unincorporated association, or other business enterprise organized with the primary purpose of providing benefits to members from the cooperative purchase of services or merchandise; (2) "Club," any buying club; (3) "Contract," any written agreement by which one becomes a member of a club; (4) "Member," any status by which any natural person is entitled to any of the benefits of a club; (5) "Prepayment," any payment greater than twenty - five dollars for service, merchandise or membership made before the service is rendered. Money received by a club from a financial institution upon assignment of a contract shall be considered prepayment when and to the extent the member is required to make prepayments to the financial institution pursuant to the contract.