South Dakota Statutes
§ 47-21-18 — Adoption of first bylaws by directors--Subsequent bylaws adopted by members.
South Dakota § 47-21-18
This text of South Dakota § 47-21-18 (Adoption of first bylaws by directors--Subsequent bylaws adopted by members.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 47-21-18 (2026).
Text
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.
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Legislative History
SL 1947, ch 33, § 8; SDC Supp 1960, § 11.2208.
Nearby Sections
15
§ 47-1-1
Repealed§ 47-1-3
Repealed§ 47-10-1
Purposes of corporations.§ 47-10-10
Incorporators.§ 47-10-11
Directors--Number and term of office.§ 47-10-13
Accumulation of surplus--Use of surplus.§ 47-10-14
Persons authorized to hold common stock.§ 47-10-18
Nonstockholder members--Duty to lend.§ 47-10-2
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Bluebook (online)
South Dakota § 47-21-18, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/47-21-18.