Section 40-33-5 - Cooperatives not deemed dealers at wholesale

40-33-5. Cooperatives not deemed dealers at wholesale.Cooperative associations having not more than forty percent of nonmember patrons shall not be deemed dealers at wholesale within the meaning of this chapter. Source: SL 1955, ch 5, §2; SDC Supp 1960, §4.2402 (3); SL 1963, ch 9, §2.