S.D. Codified Laws § 47-25-27
Current through the 2024 Legislative Session
After authorization by a vote of members pursuant to § 47-25-26, the board of directors, nevertheless, in its discretion, may abandon a sale, lease, exchange, mortgage, pledge, or other disposition of assets described in § 47-25-24, subject to the rights of third parties under any contracts relating thereto, without further action or approval by members.
SDCL 47-25-27