South Dakota Codified Laws 47-29-24. Percentage of proceeds used to pay debts
Current as of: 2023 | Check for updates
|
Other versions
At least fifty percent of the gross proceeds of sales of lots or graves must be applied as often as every six months to the payment of the debts and obligations of the cemetery corporation.
Terms Used In South Dakota Codified Laws 47-29-24
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SDC 1939, § 11.1910.