South Dakota Statutes
§ 47-21-52 — Liability of members for acts of cooperative.
No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.
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South Dakota § 47-21-52 (Liability of members for acts of cooperative.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1947, ch 33, § 25; SDC Supp 1960, § 11.2225.
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Repealed§ 47-1-3
Repealed§ 47-10-1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.