§ 47-17-9 Quorum at meeting.

SD Codified L § 47-17-9 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

47-17-9. Quorum at meeting. Unless a greater number is required in the bylaws of a cooperative, a majority of the directors in office shall constitute a quorum for transaction of business. Unless a greater number is required in the bylaws, an act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board.

Source: SDC 1939, § 11.1124 (2) as enacted by SL 1965, ch 23, § 1.