Section 47-16-29 - Stock subscriptions--Irrevocability.
47-16-29. Stock subscriptions--Irrevocability. A subscription for stock of a cooperative is irrevocable for six months unless otherwise provided by the subscription agreement or unless all subscribers consent to the revocation.
Source: SDC 1939, § 11.1120 as enacted by SL 1965, ch 23, § 1.