South Dakota Codified Laws 47-23-5. Special meetings–Electronic communication
Special meetings of the members of a corporation may be called by the president or by the board of directors. Special meetings of the members may also be called by such other officers or persons or number or proportion of members as may be provided in the articles of incorporation or the bylaws. In the absence of a provision fixing the number or proportion of members entitled to call a meeting, a special meeting of members may be called by members having one–twentieth of the votes entitled to be cast at such meeting. The call of a special meeting may provide that the meeting be held by any means of electronic communication that allows the members to:
(1) Substantially see or hear the proceedings concurrently with their occurrence;
Terms Used In South Dakota Codified Laws 47-23-5
- 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.
(2) Vote on matters submitted to the members; and
(3) Pose questions and make comments.
Source: SL 1965, ch 24, § 15; SL 2021, ch 195, § 3, eff. Mar. 3, 2021.