47-15-30. Powers of cooperatives--Contracts--Encumbrances. Unless otherwise provided by its articles, a cooperative may
(1) Make contracts, incur liabilities, and borrow money;
(2) Issue certificates representing indebtedness, or representing equity interests in its assets;
(3) Acquire property;
(4) Dispose of, mortgage, pledge, lease, or otherwise use in any manner any of its property, or any interest therein, wherever situated.Source: SDC 1939, § 11.1103 (4) as enacted by SL 1965, ch 23, § 1.
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