ENTITLED, An Act to revise certain provisions relating to the publication of certain records by
cooperatives.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF SOUTH DAKOTA:
Section 1. That § 47-16-57 be amended to read as follows:
47-16-57. If the name or address of any person entitled to receive the money or property
described in § 47-16-54 is not shown upon the records of the cooperative, or if the name or address
is known by the cooperative's secretary to be incorrect, then the cooperative shall publish a notice
at least once in a newspaper of general circulation in the county of this state in which is located the
last known address of each person to be named in the notice. If no address is listed or the address is
outside this state, the notice shall be published in the county in which the holder of the property has
its principal place of business within this state. No cooperative is required to publish any item that
is less than one hundred twenty-five dollars, unless the cooperative considers the publication to be
in the interest of the cooperative. The notice may state that the forfeiture becomes effective six
months after the first publication.
An Act to revise certain provisions relating to the publication of certain records by cooperatives.
=========================
I certify that the attached Act
originated in the
HOUSE as Bill No. 1086
____________________________
Chief Clerk
=========================
____________________________
Speaker of the House
____________________________
Chief Clerk
____________________________
President of the Senate
____________________________
Secretary of the Senate
House Bill No. 1086
File No. ____
Chapter No. ______
|
|
=========================
Received at this Executive Office
this _____ day of _____________ ,
20____ at ____________ M.
By _________________________
for the Governor
=========================
The attached Act is hereby
approved this ________ day of
______________ , A.D., 20___
____________________________
Governor
=========================
STATE OF SOUTH DAKOTA,
ss.
Office of the Secretary of State
Filed ____________ , 20___
at _________ o'clock __ M.
____________________________
Secretary of State
By _________________________
Asst. Secretary of State
|