Section 47-16-11 - Votes by member cooperatives.
47-16-11. Votes by member cooperatives. In the case of a cooperative composed only of member cooperative corporations, such member cooperatives shall have only one vote, except that the articles may permit either or both:
(1) A member cooperative to cast additional votes not exceeding a number equal to its membership;
(2) A cooperative whose member-patrons include other cooperative corporations to base voting in whole or in part on a patronage basis.
Source: SDC 1939, § 11.1114 (2) as enacted by SL 1965, ch 23, § 1.