47-21-77 Securities regulation laws inapplicable.
Securities regulation laws inapplicable.
The provisions of chapter 47-31B do not
apply to any note, bond or other evidence of indebtedness issued by any cooperative pursuant to this
chapter to the United States of America or any agency or other instrumentality thereof, to any
member of such cooperative, or to any mortgage, deed of trust, or other instrument executed to
secure the same. Chapter 47-31B does not apply to the issuance of membership certificates or any
other evidence of member interest by any cooperative or any such foreign corporation.
Source: SL 1947, ch 33, § 33; SDC Supp 1960, § 11.2233; SL 1971, ch 259, § 3; SL 1989, ch 30,
§ 77; SL 2004, ch 278, § 65.