South Dakota § 37-4-2 Open membership required of exchanges--Cooperatives included.

South Dakota Statutes

§ 37-4-2 — Open membership required of exchanges--Cooperatives included.

South Dakota § 37-4-2

Title 37TRADE REGULATION

Ch. 37-4PUBLIC COMMODITY EXCHANGES

This text of South Dakota § 37-4-2 (Open membership required of exchanges--Cooperatives included.) 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 § 37-4-2 (2026).

Text

Every market described in § 37-4-1 , whether heretofore or hereafter organized, shall be open to membership, with equal rights and privileges with all other members, to any person, firm, company, corporation, or association desiring to deal in or trade in the commodity or commodities usually dealt in on such market, who shall make application for membership and whose methods of business operation or plan of organization shall not conflict with or contravene any reasonable rule, regulation, or bylaw of such market. The words "company," "corporation," or "association" herein designated shall include cooperative corporations or associations organized under the laws of the State of South Dakota.

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Every market described in § 37-4-1 , whether heretofore or hereafter organized, shall be open to membership, with equal rights and privileges with all other members, to any person, firm, company, corporation, or association desiring to deal in or trade in the commodity or commodities usually dealt in on such market, who shall make application for membership and whose methods of business operation or plan of organization shall not conflict with or contravene any reasonable rule, regulation, or bylaw of such market. The words "company," "corporation," or "association" herein designated shall include cooperative corporations or associations organized under the laws of the State of South Dakota.