Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 15 - Cooperatives--Formation And General Powers > Section 47-15-38 - Powers of cooperatives--Cessation of activities.

Section 47-15-38 - Powers of cooperatives--Cessation of activities.

47-15-38. Powers of cooperatives--Cessation of activities. Unless otherwise provided by its articles, a cooperative may cease its activities and surrender its franchise.

Source: SDC 1939, § 11.1103 (12) as enacted by SL 1965, ch 23, § 1.