40-25-11. Salaries paid by association--Ownership of property.
A purebred livestock registry association shall have power to pay such salaries as its stockholders or directors may prescribe and own such real and personal property as may be required for efficient operation of its business and accomplishment of the purposes for which organized.
Source: SDC 1939, ยง40.1605.
Structure South Dakota Codified Laws
Title 40 - Animals and Livestock
Chapter 25 - Livestock Registry Associations
Section 40-25-1 - Number of organizers required to form association.
Section 40-25-2 - Written articles of association required--Contents.
Section 40-25-3 - Stock and membership provisions in articles of association.
Section 40-25-4 - Amendment of articles by association--Procedure--Filing of amendment.
Section 40-25-5 - Term of existence of association--Extension of term.
Section 40-25-6 - Articles filed to extend term of association--Contents.
Section 40-25-7 - Adoption and amendment of bylaws--Contents.
Section 40-25-8 - Voting by stockholders or members--Proxy voting.
Section 40-25-9 - Directors to manage affairs of association--Terms of office.
Section 40-25-10 - Officers of association.
Section 40-25-11 - Salaries paid by association--Ownership of property.
Section 40-25-12 - Operation as nonprofit corporation--Purposes.