Articles of division--Contents and filing

Articles of division of a cooperative shall set forth the approved plan and such other information as required by § 47-15-9 and shall be filed and recorded as an amendment to the articles. Each part of the plan which contains the articles of a new cooperative shall be separately filed and recorded as articles of incorporation for such new cooperative. Source: SDC 1939, § 11.1141 (3) as enacted by SL 1965, ch 23, § 1.