South Dakota § 47-23-20 Quorum of directors--Provisions of articles or bylaws as governing.

South Dakota Statutes

§ 47-23-20 — Quorum of directors--Provisions of articles or bylaws as governing.

South Dakota·Title 47 CORPORATIONS·Ch. 47-22 NONPROFIT CORPORATIONS--MEMBERS, DIRECTORS, OFFICERS AND AGENTS

A majority of the number of directors fixed by the bylaws, or in the absence of a bylaw fixing the number of directors, then of the number stated in the articles of incorporation, shall constitute a quorum for the transaction of business, unless otherwise provided in the articles of incorporation or the bylaws; but in no event shall a quorum consist of less than one - third of the number of directors so fixed or stated. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors, unless the act of a greater number is required by chapters 47-22 to 47-28 , inclusive, the articles of incorporation or the bylaws.

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A majority of the number of directors fixed by the bylaws, or in the absence of a bylaw fixing the number of directors, then of the number stated in the articles of incorporation, shall constitute a quorum for the transaction of business, unless otherwise provided in the articles of incorporation or the bylaws; but in no event shall a quorum consist of less than one - third of the number of directors so fixed or stated. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors, unless the act of a greater number is required by chapters 47-22 to 47-28 , inclusive, the articles of incorporation or the bylaws.

South Dakota § 47-23-20 (Quorum of directors--Provisions of articles or bylaws as governing.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.