40-25-12. Operation as nonprofit corporation--Purposes.
A purebred livestock registry association shall operate as a nonprofit-making corporation and for the promotion of the purebred livestock industry by educational and regulatory measures.
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.