South Dakota Codified Laws 47-18-10. Mortgaging assets to secure payment of debts
Current as of: 2023 | Check for updates
|
Other versions
Unless the bylaws of a cooperative provide otherwise, the board of directors may secure payment of a cooperative’s debts by mortgaging the cooperative’s rights, privileges, authority and franchises, revenues, and other property.
Terms Used In South Dakota Codified Laws 47-18-10
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 11.1130 (2) as enacted by SL 1965, ch 23, § 1.