Section 47-16-48 - Ratio of patronage as determining payment to patron

47-16-48. Ratio of patronage as determining payment to patron.All the remainder of the net proceeds of a cooperative after reserves created pursuant to §47-16-47 shall be distributed and paid to patrons in accordance with the ratio which their patronage bears to total patronage. Source: SDC 1939, §11.1131 (3) (b) as enacted by SL 1965, ch 23, §1.