South Dakota § 47-16-54 Unclaimed credits--Forfeiture to cooperative.

South Dakota Statutes

§ 47-16-54 — Unclaimed credits--Forfeiture to cooperative.

South Dakota § 47-16-54

Title 47CORPORATIONS

Ch. 47-14BCOOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS

This text of South Dakota § 47-16-54 (Unclaimed credits--Forfeiture to cooperative.) 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 § 47-16-54 (2026).

Text

Any share of corporate stock membership, credit, dividend, profit, patronage refund, distribution, interest, payment, or other money or property right held by a cooperative for, or owing by it to, a member, stockholder, or participating patron, or other person or persons entitled thereto, who has not within six years claimed the same or corresponded in writing with the cooperative concerning the same may be forfeited to the cooperative in the manner provided by §§ 47-16-55 to 47-16-59 , inclusive.

Free access — add to your briefcase to read the full text and ask questions with AI

Any share of corporate stock membership, credit, dividend, profit, patronage refund, distribution, interest, payment, or other money or property right held by a cooperative for, or owing by it to, a member, stockholder, or participating patron, or other person or persons entitled thereto, who has not within six years claimed the same or corresponded in writing with the cooperative concerning the same may be forfeited to the cooperative in the manner provided by §§ 47-16-55 to 47-16-59 , inclusive.