South Dakota Statutes
§ 47-15-2 — Purposes--Banking and insurance prohibited.
South Dakota § 47-15-2
This text of South Dakota § 47-15-2 (Purposes--Banking and insurance prohibited.) 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 § 47-15-2 (2026).
Text
Cooperatives may be organized under this chapter for any lawful purpose except banking and insurance.
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Related
South Dakota Farm Bureau, Inc. v. Hazeltine
202 F. Supp. 2d 1020 (D. South Dakota, 2002)
Legislative History
SDC 1939, § 11.1102 as enacted by SL 1965, ch 23, § 1; SL 1978, ch 337.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-15-2, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-15-2.