§ 47-10-21

S.D. Codified Laws § 47-10-21 (2026)

Nonstockholder members--Right to share in surplus.

SL 1957, ch 314 , § 5; SDC Supp 1960, § 55.6005 (2) (e).

Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members.

Source: SL 1957, ch 314 , § 5; SDC Supp 1960, § 55.6005 (2) (e).