S.D. Codified Laws § 47-17-1

Current through the 2024 Legislative Session

Section 47-17-1 - Board of directors as manager of cooperative-Qualifications of directors

The business and affairs of a cooperative shall be managed by a board of directors. Each director shall be a member or a representative of a member who is an entity member. The bylaws shall prescribe any other qualifications for directors and may provide that directors be from specified territorial districts.

SDCL 47-17-1

SDC 1939, § 11.1123 (1) as enacted by SL 1965, ch 23, § 1; SL 2018, ch 260, §8.

Amended by S.L. 2018, ch. 260,s. 8, eff. 7/1/2018.