S.D. Codified Laws § 47-17-14

Current through the 2024 Legislative Session

Section 47-17-14 - Principal officers of cooperative-Election by board of directors

The principal officers of a cooperative are a president, one or more vice-presidents as prescribed in the bylaws, a secretary, and a treasurer. The principal officers shall be elected annually by the board of directors at a time and manner pursuant to the bylaws. Each principal officer except the secretary and the treasurer shall be a director of the cooperative. The offices of secretary and treasurer may be combined in one individual.

SDCL 47-17-14

SDC 1939, § 11.1127 (1) as enacted by SL 1965, ch 23, § 1; SL 2018, ch 260, §10.

Amended by S.L. 2018, ch. 260,s. 10, eff. 7/1/2018.