Section 40-33-5 - Cooperatives not deemed dealers at wholesale.

40-33-5. Cooperatives not deemed dealers at wholesale. Cooperative associations having not more than forty percent of nonmember patrons shall not be deemed dealers at wholesale within the meaning of this chapter.

Source: SL 1955, ch 5, § 2; SDC Supp 1960, § 4.2402 (3); SL 1963, ch 9, § 2.