37-4-1. Exchanges subject to chapter–Small-volume exchanges exempt. Every chamber of commerce, board of trade or exchange maintaining or operating a regular place of business or trading room for members only, in which the members buy, sell, or exchange grain, livestock, or other farm products for themselves or for others, is hereby declared to be a […]
37-4-2. Open membership required of exchanges–Cooperatives included. Every market described in §37-4-1, whether heretofore or hereafter organized, shall be open to membership, with equal rights and privileges with all other members, to any person, firm, company, corporation, or association desiring to deal in or trade in the commodity or commodities usually dealt in on such […]
37-4-3. Members to comply with rules, regulations, and bylaws–Fees and assessments. All members of a public market subject to this chapter shall be required to comply with all reasonable rules, regulations, and bylaws of such organization, which may include the payment of a membership fee and reasonable assessments equally applicable to all members. Source: SDC […]
37-4-4. Exchange rules controlling distribution of member profits deemed unreasonable. Any rule, regulation, or bylaw of a public market subject to this chapter which shall be designated or construed as controlling, limiting, or modifying the articles of incorporation, constitution, or bylaws of any association, company, or corporation in the distribution of its profits to its […]
37-4-5. Denial of membership by exchange as misdemeanor–Refusal to deal with member. It is a Class 1 misdemeanor for any chamber of commerce, board of trade or exchange to adopt any rule, regulation, bylaw, or order, or to make any order in violation of the provisions of this chapter or to refuse or unreasonably delay […]
