South Dakota Codified Laws 47-16-42. Procedure for distribution
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After the deductions required by § 47-16-41, the remainder of the total proceeds of a cooperative are net proceeds and shall be distributed and paid as provided by §§ 47-16-44 and 47-16-45.
Terms Used In South Dakota Codified Laws 47-16-42
- Remainder: An interest in property that takes effect in the future at a specified time or after the occurrence of some event, such as the death of a life tenant.
Source: SDC 1939, § 11.1131 (2) as enacted by SL 1965, ch 23, § 1.