South Dakota Codified Laws 47-22-37. Modification of lines of succession during emergency
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The board of directors, either before or during any emergency described in § 47-22-35, may provide, and from time to time modify, lines of succession in the event that during any such emergency any or all officers or agents of the corporation shall for any reason be rendered incapable of discharging their duties.
Terms Used In South Dakota Codified Laws 47-22-37
- 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.