40-23-23. Reserves established by directors.
The directors shall have power to set up such reserves as in their judgment may be advisable, after all costs, expenses, rentals, and other legal charges against the association have been provided for.
Source: SDC 1939, ยง40.1806 (8).
Structure South Dakota Codified Laws
Title 40 - Animals and Livestock
Chapter 23 - Cooperative Grazing Districts
Section 40-23-1 - Definition and purposes of grazing district.
Section 40-23-2 - Number of incorporators--Filing of articles.
Section 40-23-3 - Execution and contents of articles of incorporation.
Section 40-23-5 - Arbitration of overlapping district boundaries.
Section 40-23-6 - Power to lease, acquire, and dispose of land.
Section 40-23-7 - Power to lease county land.
Section 40-23-8 - Fences, reservoirs, and facilities for care of livestock.
Section 40-23-9 - Power to apportion grazing rights among members.
Section 40-23-10 - Adoption of bylaws--Amendment.
Section 40-23-11 - Contents of bylaws.
Section 40-23-12 - Right to membership in district--Compliance with requirements.
Section 40-23-13 - Voting by members.
Section 40-23-14 - Membership rights on transfer of land.
Section 40-23-15 - Directors to exercise corporate power.
Section 40-23-16 - Directors' power to lease land.
Section 40-23-17 - Directors' regulations--Manner of utilizing grazing.
Section 40-23-18 - Directors' apportionment of grazing rights among members.
Section 40-23-19 - Fencing and assignment of exclusive use of areas.
Section 40-23-20 - Grazing permits to nonmembers.
Section 40-23-21 - Fees and assessments determined by directors.
Section 40-23-22 - Requirements as to male animals.
Section 40-23-23 - Reserves established by directors.
Section 40-23-24 - Purchase or lease of county lands.
Section 40-23-26 - Regulatory powers retained by county commissioners on leased land.
Section 40-23-27 - Rentals for county lands--Variable scale.
Section 40-23-28 - Noncompliance with requirements as ground for forfeiture of county lease.
Section 40-23-29 - Exchange of county land for private land within grazing district.
Section 40-23-30 - Distribution of property on dissolution of grazing district.