Five or more natural persons, or two or more cooperatives, may organize a cooperative in the manner hereinafter provided. Source: SL 1947, ch 33 , § 6; SDC Supp 1960, § 11.2206.
Incorporators--Requisites and qualifications
SDCL § 47-21-6 — under RURAL ELECTRIC COOPERATIVES.
SDCL § 47-21-6