Husband and wife as members--Membership not transferable--Additional qualifications of members

A husband and wife may hold a joint membership in a cooperative. Membership in a cooperative shall not be transferable, except as provided in the bylaws. The bylaws may prescribe additional qualifications and limitations in respect of membership. Source: SL 1947, ch 33, § 9; SDC Supp 1960, § 11.2209.