A foreign cooperative, that has been issued a certificate of authority by the South Dakota secretary of state and has filed the required annual reports, is entitled to the same exemptions as a domestic cooperative pursuant to SDCL 47-31B-201(8).

Source: 28 SDR 48, effective October 10, 2001; 30 SDR 211, effective July 1, 2004.

General Authority: SDCL 47-31B-203 , 47-31B-605(a)(1) , 47-31B-605(a)(3).

Law Implemented: SDCL 47-31B-203.