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§ 47-23-13 Board of directors--Qualifications of directors.

SD Codified L § 47-23-13 (2019) (N/A)
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47-23-13. Board of directors--Qualifications of directors. Except as authorized by § 47-23-22, the affairs of a corporation shall be managed by a board of directors. Directors need not be members of the corporation unless the articles of incorporation or the bylaws so require. The articles of incorporation or the bylaws may prescribe other qualifications for directors.

Source: SL 1965, ch 24, § 19; SL 1989, ch 394, § 1; SL 2016, ch 221, § 10.

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§ 47-23-12 Bylaw provisions governing vote or quorum--Quorum in absence of bylaw provision--Majority vote required.
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§ 47-23-14 Number of directors--Bylaws as governing--Increasing or decreasing number of directors--Decrease as not affecting term.