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 .
Purposes--Banking and insurance prohibited
SDCL § 47-15-2 — under COOPERATIVES--FORMATION AND GENERAL POWERS.
SDCL § 47-15-2