South Dakota Statutes

§ 47-21-77 — Securities regulation laws inapplicable.

South Dakota § 47-21-77
JurisdictionSouth Dakota
Title 47CORPORATIONS
Ch. 47-21RURAL ELECTRIC COOPERATIVES

This text of South Dakota § 47-21-77 (Securities regulation laws inapplicable.) 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 § 47-21-77 (2026).

Text

The provisions of chapter 47-31B do not apply to any note, bond or other evidence of indebtedness issued by any cooperative pursuant to this chapter to the United States of America or any agency or other instrumentality thereof, to any member of such cooperative, or to any mortgage, deed of trust, or other instrument executed to secure the same. Chapter 47-31B does not apply to the issuance of membership certificates or any other evidence of member interest by any cooperative or any such foreign corporation.

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Legislative History

SL 1947, ch 33, § 33; SDC Supp 1960, § 11.2233; SL 1971, ch 259, § 3; SL 1989, ch 30, § 77; SL 2004, ch 278, § 65.

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Bluebook (online)
South Dakota § 47-21-77, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-21-77.