South Dakota Statutes
§ 47-16-11 — Votes by member cooperatives.
In the case of a cooperative composed only of member cooperative corporations, such member cooperatives shall have only one vote, except that the articles may permit either or both:
(1)A member cooperative to cast additional votes not exceeding a number equal to its membership;
(2)A cooperative whose member - patrons include other cooperative corporations to base voting in whole or in part on a patronage basis.
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Legislative History
SDC 1939, § 11.1114 (2) as enacted by SL 1965, ch 23, § 1.
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Repealed§ 47-1-3
Repealed§ 47-10-1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
Powers of corporations.