South Dakota Codified Laws 47-1A-803. Number and election of directors
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A board of directors must consist of one or more individuals, with the number specified in or fixed in accordance with the articles of incorporation or bylaws. The number of directors may be increased or decreased from time to time by amendment to, or in the manner provided in, the articles of incorporation or the bylaws. Directors are elected at the first annual shareholders’ meeting and at each annual meeting thereafter unless their terms are staggered under § 47-1A-806.
Terms Used In South Dakota Codified Laws 47-1A-803
- Amendment: A proposal to alter the text of a pending bill or other measure by striking out some of it, by inserting new language, or both. Before an amendment becomes part of the measure, thelegislature must agree to it.
Source: SL 2005, ch 239, § 138.