After the deductions required by § 47-16-41 , the remainder of the total proceeds of a cooperative are net proceeds and shall be distributed and paid as provided by §§ 47-16-44 and 47-16-45 . Source: SDC 1939, § 11.1131 (2) as enacted by SL 1965, ch 23 , § 1.
Procedure for distribution
SDCL § 47-16-42, under COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS.
SDCL § 47-16-42