Statutes, codes, and regulations
South Dakota Codified Laws
Title 49 - PUBLIC UTILITIES AND CARRIERS
Chapter 30 - TELEPHONE AND TELEGRAPH CORPORATIONS
Section 49-30-13 - Board of directors-Election-Terms of office-Director as stockholder

S.D. Codified Laws § 49-30-13

Download
PDF
Current through the 2024 Legislative Session
Section 49-30-13 - Board of directors-Election-Terms of office-Director as stockholder

There shall be a board of not less than three nor more than thirteen directors of every corporation organized under this chapter to manage its affairs, who shall be elected at the time, in the manner and for the terms as are prescribed by its bylaws, and shall hold their offices until the respective successors are chosen. No person may be a director unless the person is a stockholder, owning stock absolutely in the person's own name or as a trustee or personal representative, and qualified to vote at the election at which the person is chosen.

SDCL 49-30-13

SDC 1939, § 52.1305; SL 1943, ch 178; SL 1955, ch 227, § 1; SL 2018, ch 265, §2.
Amended by S.L. 2018, ch. 265,s. 2, eff. 7/1/2018.