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.
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