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§ 47-23-15 First board of directors--Term of office.

SD Codified L § 47-23-15 (2019) (N/A)
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47-23-15. First board of directors--Term of office. The directors constituting the first board of directors shall be named in the articles of incorporation and shall hold office until the first annual election of directors or for such other period as may be specified in the articles of incorporation or the bylaws.

Source: SL 1965, ch 24, § 20.

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§ 47-23-14 Number of directors--Bylaws as governing--Increasing or decreasing number of directors--Decrease as not affecting term.
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§ 47-23-16 Election or appointment of directors--Term of office.