Section 40-25-11 - Salaries paid by association--Ownership of property

40-25-11. Salaries paid by association--Ownership of property.A purebred livestock registry association shall have power to pay such salaries as its stockholders or directors may prescribe and own such real and personal property as may be required for efficient operation of its business and accomplishment of the purposes for which organized. Source: SDC 1939, §40.1605.