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;

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

(2) A cooperative whose member–patrons include other cooperative corporations to base voting in whole or in part on a patronage basis.

Source: SDC 1939, § 11.1114 (2) as enacted by SL 1965, ch 23, § 1.