South Dakota § 47-21-82 - Cooperatives able to use property and funds to promote economic development and may lend money--Restrictions on loans.
Full text of South Dakota South Dakota Codified Laws § 47-21-82 — Cooperatives able to use property and funds to promote economic development and may lend money--Restrictions on loans., with citation guidance and answers to common questions.
§ 47-21-82. Cooperatives able to use property and funds to promote economic development and may lend money--Restrictions on loans.
Unless otherwise provided in its articles, a cooperative may use its property and funds to promote and encourage economic development and may lend money for any purpose the board of directors determines to be in the best interest of the cooperative.
However, such loans may only be made from funds received by way of loan or grant from the Rural Electrification Administration of the United States Department of Agriculture, or out of cash and securities representing equity or accumulated margins belonging to the cooperative or funds received from any other source, provided that no loan may be made out of funds derived from the pledging, assigning, or encumbering of revenues to be earned from the future sale of electricity.
Source: SL 1991, ch 378, § 1.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 47-21-82
What does South Dakota Codified Laws § 47-21-82 cover?
Section 47-21-82 ("Cooperatives able to use property and funds to promote economic development and may lend money--Restrictions on loans.") 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 § 47-21-82?
A common citation format is "South Dakota Codified Laws § 47-21-82" (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 § 47-21-82 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.