Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 16 - Cooperatives--Membership, Stock And Distributions > Section 47-16-31 - Missing securities--Issuance of duplicate.

Section 47-16-31 - Missing securities--Issuance of duplicate.

47-16-31. Missing securities--Issuance of duplicate. When a security issued by a cooperative is missing, the cooperative shall issue a duplicate security if the owner so requests and furnishes an indemnity acceptable to the cooperative.

Source: SDC 1939, § 11.1121 (1) as enacted by SL 1965, ch 23, § 1.