South Dakota § 37-26-1 - Definition of terms.
Full text of South Dakota South Dakota Codified Laws § 37-26-1 — Definition of terms., with citation guidance and answers to common questions.
§ 37-26-1. Definition of terms.
Terms used throughout this chapter unless the context plainly requires otherwise shall mean:
(1) "Buying club," any corporation, partnership, unincorporated association, or other business enterprise organized with the primary purpose of providing benefits to members from the cooperative purchase of services or merchandise;
(2) "Club," any buying club;
(3) "Contract," any written agreement by which one becomes a member of a club;
(4) "Member," any status by which any natural person is entitled to any of the benefits of a club;
(5) "Prepayment," any payment greater than twenty-five dollars for service, merchandise or membership made before the service is rendered. Money received by a club from a financial institution upon assignment of a contract shall be considered prepayment when and to the extent the member is required to make prepayments to the financial institution pursuant to the contract.
Source: SL 1975, ch 246, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 37-26-1
What does South Dakota Codified Laws § 37-26-1 cover?
Section 37-26-1 ("Definition of terms.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 37-26-1?
A common citation format is "South Dakota Codified Laws § 37-26-1" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 37-26-1 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.