Votes by member cooperatives

In the case of a cooperative composed only of member cooperative corporations, such member cooperatives shall have only one vote, except that the articles may permit either or both: (1) A member cooperative to cast additional votes not exceeding a number equal to its membership; (2) A cooperative whose member - patrons include other cooperative corporations to base voting in whole or in part on a patronage basis. Source: SDC 1939, § 11.1114 (2) as enacted by SL 1965, ch 23, § 1.