47-16-11. Votes by member cooperatives.In the case of a cooperative composed only of member cooperative corporations, such member cooperatives shall have only one vote, except that the articles may permit either or both:(1)A member cooperative to cast additional votes not exceeding a number equal to its membership;(2)A cooperative whose member-patrons include other cooperative corporations to base voting in whole or in part on a patronage basis. Source: SDC 1939, §11.1114 (2) as enacted by SL 1965, ch 23, §1.
South Dakota Legal Code