Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 15 - Cooperatives--Formation And General Powers > Section 47-15-2 - Purposes--Banking and insurance prohibited.

Section 47-15-2 - Purposes--Banking and insurance prohibited.

47-15-2. Purposes--Banking and insurance prohibited. Cooperatives may be organized under this chapter for any lawful purpose except banking and insurance.

Source: SDC 1939, § 11.1102 as enacted by SL 1965, ch 23, § 1; SL 1978, ch 337.