§ 47-21-52

S.D. Codified Laws § 47-21-52 (2026)

Liability of members for acts of cooperative.

SL 1947, ch 33 , § 25; SDC Supp 1960, § 11.2225.

No member shall be liable or responsible for any debts of the cooperative and the property of the members shall not be subject to execution therefor.

Source: SL 1947, ch 33 , § 25; SDC Supp 1960, § 11.2225.