Manner of payment

The distribution and payment of net proceeds of a cooperative under §§ 47-16-46 to 47-16-51 , inclusive, may be in cash, credits, stock, certificates or interest, revolving fund certificates, letters of advice, or other certificates or securities of the cooperative or of other associations or corporations, in other property, or in any combination thereof. Source: SDC 1939, § 11.1131 (5) as enacted by SL 1965, ch 23, § 1.