Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 15 - Cooperatives--Formation And General Powers > Section 47-15-45 - Continuation of preexisting cooperatives.

Section 47-15-45 - Continuation of preexisting cooperatives.

47-15-45. Continuation of preexisting cooperatives. Corporations organized before July 1, 1965, under the provisions of chapters 4.16 and 11.10 of the South Dakota Code of 1939 shall continue in existence, but no new corporations may be formed thereunder.

Source: SL 1965, ch 23, § 2; SL 1966, ch 16, § 5.