§ 47-16-1 Classes of members–Provisions in bylaws
§ 47-16-2 Annual member meeting–Time of meeting
§ 47-16-3 Special meetings
§ 47-16-4 Member meetings–Location–Virtual participation
§ 47-16-5 Member meetings–Notice–Virtual meeting
§ 47-16-6 Notice to delegates or alternates
§ 47-16-7 Member meetings–Quorum
§ 47-16-8 Action without meeting
§ 47-16-9 Consent to action without meeting
§ 47-16-10 Votes at meeting
§ 47-16-11 Votes by member cooperatives
§ 47-16-12 Vote by member owning membership stock
§ 47-16-13 Proxy votes–Delegate votes
§ 47-16-14 Member voting
§ 47-16-15 Voting by representatives
§ 47-16-16 Voting by organizations
§ 47-16-17 Voting rights conditioned upon membership payment
§ 47-16-18 Other votes prohibited
§ 47-16-19 Bylaws provisions for voting
§ 47-16-20 Percentage of vote
§ 47-16-21 Capital stock–Classes of stock
§ 47-16-22 Membership stock–Transfer of stock
§ 47-16-23 Cooperative dealing in own stock
§ 47-16-24 Consideration for stock
§ 47-16-25 Reacquisition of stock
§ 47-16-26 Stockholders’ preemptive rights
§ 47-16-27 Stock certificates–Conditions to issuance
§ 47-16-28 Statements required on stock certificates
§ 47-16-29 Stock subscriptions–Irrevocability
§ 47-16-30 Liability of subscribers
§ 47-16-31 Missing securities–Issuance of duplicate
§ 47-16-32 Missing securities–Redemption–Procedure
§ 47-16-33 Liability on securities wrongfully transferred–Notice
§ 47-16-34 Definition of transfers and transferors
§ 47-16-35 Actions by stockholders or members–Allegations respecting ownership
§ 47-16-36 Actions by stockholders or members–Additional allegations
§ 47-16-37 Approval of court required for termination of action
§ 47-16-38 Expenses of maintaining action–Disposition of proceeds
§ 47-16-39 Security for costs–Amount of security
§ 47-16-40 Distribution of net proceeds
§ 47-16-41 Deductions from total proceeds
§ 47-16-42 Procedure for distribution
§ 47-16-44 Payments to employees
§ 47-16-45 Dividends on capital stock–Conditions to payment
§ 47-16-46 Distributions to patrons
§ 47-16-47 Creation of reserves–Credit to patrons
§ 47-16-48 Ratio of patronage as determining payment to patron
§ 47-16-49 Classification of patrons
§ 47-16-50 Credit to surplus and reserves
§ 47-16-51 Remaining funds–Distribution to patrons–Distinction between members and nonmembers–Classification of patrons
§ 47-16-52 Manner of payment
§ 47-16-53 Application of proceeds to prior losses
§ 47-16-54 Unclaimed credits–Forfeiture to cooperative
§ 47-16-55 Procedure for forfeiture–Resolution–Time limit for claim
§ 47-16-56 Notice to claimant–Contents of notice
§ 47-16-57 Notice by publication
§ 47-16-58 Applicability to preexisting claims
§ 47-16-59 Discretionary payment to claimant after forfeiture
§ 47-16-60 Filing false document as felony
§ 47-16-61 Report of forfeited sums to administrator
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Terms Used In South Dakota Codified Laws > Title 47 > Chapter 16 - Cooperatives--Membership, Stock and Distributions

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Complaint: A written statement by the plaintiff stating the wrongs allegedly committed by the defendant.
  • 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.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • 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.
  • Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
  • Plaintiff: The person who files the complaint in a civil lawsuit.
  • Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
  • Quorum: The number of legislators that must be present to do business.
  • 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.
  • Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
  • written: include typewriting and typewritten, printing and printed, except in the case of signatures, and where the words are used by way of contrast to typewriting and printing. See South Dakota Codified Laws 2-14-2