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Home » US Law » 2022 South Dakota Codified Laws » Title 47 - Corporations » Chapter 10 - Business Development Credit Corporations » Section 47-10-21 – Nonstockholder members–Right to share in surplus.

47-10-21. Nonstockholder members–Right to share in surplus.

Nonstockholder members of a business development credit corporation shall not share in any surplus of the corporation in excess of the obligations due such nonstockholder members.

Source: SL 1957, ch 314, §5; SDC Supp 1960, §55.6005 (2) (e).