47-15-12. Articles and bylaws--Action to invalidate amendment--Limitations.
No action may be maintained to invalidate any amendment to the articles or bylaws because of the manner of its adoption unless commenced within two years after its adoption.
Source: SDC 1939, §11.1136 (4) as enacted by SL 1965, ch 23, §1; SL 2021, ch 194, § 1.
Structure South Dakota Codified Laws
Chapter 15 - Cooperatives--Formation And General Powers
Section 47-15-1 - Definitions.
Section 47-15-2 - Purposes--Banking and insurance prohibited.
Section 47-15-3 - Requisites for formation.
Section 47-15-4 - Articles of incorporation--Contents.
Section 47-15-5 - Particular provisions in articles or bylaws.
Section 47-15-6 - Filing articles with secretary of state--Beginning of corporate existence.
Section 47-15-8 - Amendment of articles--Majority vote required.
Section 47-15-9 - Procedure for amending articles.
Section 47-15-10 - Filing with secretary of state--Certificate of amendment.
Section 47-15-11 - Effect of amendment.
Section 47-15-12 - Articles and bylaws--Action to invalidate amendment--Limitations.
Section 47-15-13 - Bankruptcy proceeding as amendment.
Section 47-15-14 - Amendment converting corporation to cooperative.
Section 47-15-15 - Adoption of restated articles.
Section 47-15-16 - Bylaws--Adoption and amendment.
Section 47-15-17 - Bylaws--Majority vote.
Section 47-15-20 - Offices and agents of preexisting cooperatives.
Section 47-15-27 - Powers of cooperatives--Existence.
Section 47-15-28 - Powers of cooperatives--Actions.
Section 47-15-29 - Powers of cooperatives--Seals.
Section 47-15-30 - Powers of cooperatives--Contracts--Encumbrances.
Section 47-15-31 - Powers of cooperatives--Securities holdings.
Section 47-15-32 - Powers of cooperatives--Investments and lending.
Section 47-15-33 - Powers of cooperatives--Territorial.
Section 47-15-34 - Powers of cooperatives--Officers and agents.
Section 47-15-35 - Powers of cooperatives--Bylaws.
Section 47-15-36 - Powers of cooperatives--Donations.
Section 47-15-37 - Powers of cooperatives--Indemnification of agents.
Section 47-15-38 - Powers of cooperatives--Cessation of activities.
Section 47-15-39 - Powers of cooperatives--Effectuation of purpose.
Section 47-15-40 - Promotion expenses--Commissions on stock sales--Limitations.
Section 47-15-41 - Use of term "cooperative".
Section 47-15-42 - Unauthorized use of term "cooperative" as petty offense.
Section 47-15-43 - Injunction against unauthorized use of term "cooperative".
Section 47-15-44 - Cooperatives governed by chapter--Preexisting cooperatives.
Section 47-15-45 - Continuation of preexisting cooperatives.
Section 47-15-46 - Duration of existence of preexisting cooperatives.
Section 47-15-47 - Method of giving notice--Waiver of notice.
Section 47-15-48 - Cooperatives governed by other laws.
Section 47-15-49 - Severability and saving clause.