South Dakota § 47-16-54 - Unclaimed credits--Forfeiture to cooperative.
Full text of South Dakota South Dakota Codified Laws § 47-16-54 — Unclaimed credits--Forfeiture to cooperative., with citation guidance and answers to common questions.
§ 47-16-54. Unclaimed credits--Forfeiture to cooperative.
Any share of corporate stock membership, credit, dividend, profit, patronage refund, distribution, interest, payment, or other money or property right held by a cooperative for, or owing by it to, a member, stockholder, or participating patron, or other person or persons entitled thereto, who has not within six years claimed the same or corresponded in writing with the cooperative concerning the same may be forfeited to the cooperative in the manner provided by §§ 47-16-55 to 47-16-59, inclusive.
Source: SDC 1939, § 11.1132 as enacted by SL 1965, ch 23, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-16-54
What does South Dakota Codified Laws § 47-16-54 cover?
Section 47-16-54 ("Unclaimed credits--Forfeiture to cooperative.") 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 § 47-16-54?
A common citation format is "South Dakota Codified Laws § 47-16-54" (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 § 47-16-54 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.