§ 46A-8-3 Bylaws of association--Repeal and amendment, submission of proposition to shareholders, publication.

SD Codified L § 46A-8-3 (2019) (N/A)

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46A-8-3. Bylaws of association--Repeal and amendment, submission of proposition to shareholders, publication. Any bylaw of such water users' association may be repealed or amended, or new bylaws may be adopted, at the annual meeting or at any other meeting of the shareholders called for that purpose by the directors, by a majority of the votes cast upon such propositions respectively at such election. The bylaw or amendment may not be submitted until it has first received the approval of two-thirds of the board of directors at a regular or duly called session thereof. The bylaw or amendment may not be submitted until it has first been published in full for at least two weeks next preceding such submission in at least two newspapers of general circulation within the irrigable area of such association. However, if all the shareholders are notified directly by mail at their last known addresses of the bylaw or amendment, the bylaw or amendment does not need to be published pursuant to this section.

Source: SDC 1939, § 61.0206; SDCL, § 46-11-3; SL 1996, ch 266, § 3.

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§ 46A-8-2 Proposed amendment of articles of incorporation of association, time and manner of making, submission to shareholders, publication.

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§ 46A-8-4 Acceptance of association books for public record by county commissioners--Recording of stock subscriptions--Charges.