South Dakota Codified Laws 47-16-16. Voting by organizations
Current as of: 2023 | Check for updates
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If the cooperative permits two or more persons, or a partnership, or an unincorporated association, or another cooperative, or a corporation, or a body politic to hold one membership, the bylaws may provide how such member vote is to be cast.
Terms Used In South Dakota Codified Laws 47-16-16
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Source: SDC 1939, § 11.1114 (1) as enacted by SL 1965, ch 23, § 1.