Any cooperative organized under this chapter is subject to §§ 47-16-54 to 47-16-57, inclusive. The provisions of §§ 47-16-54 to 47-16-57, inclusive, apply to all money or property described in § 47-16-54 the payment or delivery of which was authorized either before or after July 1, 1993.

Ask a business law question, get an answer ASAP!
Thousands of highly rated, verified business lawyers.
Click here to chat with a lawyer about your rights.

Source: SL 1993, ch 339.