South Dakota § 49-30-13 Board of directors--Election--Terms of office--Director as stockholder.

South Dakota Statutes

§ 49-30-13 — Board of directors--Election--Terms of office--Director as stockholder.

South Dakota § 49-30-13

Title 49PUBLIC UTILITIES AND CARRIERS

Ch. 49-29TELEPHONE AND TELEGRAPH CORPORATIONS

This text of South Dakota § 49-30-13 (Board of directors--Election--Terms of office--Director as stockholder.) 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 § 49-30-13 (2026).

Text

There shall be a board of not less than three nor more than thirteen directors of every corporation organized under this chapter to manage its affairs, who shall be elected at the time, in the manner and for the terms as are prescribed by its bylaws, and shall hold their offices until the respective successors are chosen. No person may be a director unless the person is a stockholder, owning stock absolutely in the person's own name or as a trustee or personal representative, and qualified to vote at the election at which the person is chosen.

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There shall be a board of not less than three nor more than thirteen directors of every corporation organized under this chapter to manage its affairs, who shall be elected at the time, in the manner and for the terms as are prescribed by its bylaws, and shall hold their offices until the respective successors are chosen. No person may be a director unless the person is a stockholder, owning stock absolutely in the person's own name or as a trustee or personal representative, and qualified to vote at the election at which the person is chosen.