At least once annually the directors of a cooperative shall determine and distribute net proceeds as provided by §§ 47-16-41 to 47-16-53 , inclusive. Source: SDC 1939, § 11.1131 as enacted by SL 1965, ch 23 , § 1.
Distribution of net proceeds
SDCL § 47-16-40 — under COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS.
SDCL § 47-16-40