Sections 47-16-54 to 47-16-57 , inclusive, apply to all money or property described in § 47-16-54 , payment or delivery of which was authorized either before or after July 1, 1965. Source: SDC 1939, § 11.1132 (4) as enacted by SL 1965, ch 23 , § 1.
Applicability to preexisting claims
SDCL § 47-16-58 — under COOPERATIVES--MEMBERSHIP, STOCK AND DISTRIBUTIONS.
SDCL § 47-16-58