South Dakota Codified Laws 47-22-35. Emergency bylaws–Conditions creating emergency
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The board of directors of any corporation may adopt emergency bylaws, which shall, notwithstanding any different provision elsewhere in chapters 47-22 to 47-28, inclusive, or in the articles of incorporation or bylaws, be operative during any emergency in the conduct of the affairs of the corporation resulting from any national security, national health, or other declared emergency requiring such action.
Terms Used In South Dakota Codified Laws 47-22-35
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1965, ch 24, § 14; SL 2021, ch 195, § 1, eff. Mar. 3, 2021.