S.D. Codified Laws § 47-23-13

Current through the 2024 Legislative Session

Section 47-23-13 - Board of directors-Qualifications of directors

Except as authorized by § 47-23-22, the affairs of a corporation shall be managed by a board of directors. Directors need not be members of the corporation unless the articles of incorporation or the bylaws so require. The articles of incorporation or the bylaws may prescribe other qualifications for directors.

SDCL 47-23-13

SL 1965, ch 24, § 19; SL 1989, ch 394, § 1; SL 2016, ch 221, §10.

Amended by S.L. 2016, ch. 221,s. 10, eff. 7/1/2016.