Statutes, codes, and regulations
South Dakota Codified Laws
Title 47 - CORPORATIONS
Chapter 21 - RURAL ELECTRIC COOPERATIVES
Section 47-21-18 - Adoption of first bylaws by directors-Subsequent bylaws adopted by members

S.D. Codified Laws § 47-21-18

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Current through the 2024 Legislative Session
Section 47-21-18 - Adoption of first bylaws by directors-Subsequent bylaws adopted by members

The board of directors shall adopt the first bylaws of a cooperative to be adopted following an incorporation, conversion, merger, or consolidation. Thereafter the members shall adopt, amend, or repeal the bylaws by the affirmative vote of a majority of those members voting thereon at a meeting of the members.

SDCL 47-21-18

SL 1947, ch 33, § 8; SDC Supp 1960, § 11.2208.