S.D. Codified Laws § 47-23-9

Current through the 2024 Legislative Session

Section 47-23-9 - Voting procedure-Proxy votes-Ballots

A member entitled to vote may vote in person or, unless the articles of incorporation or the bylaws otherwise provide, may vote by proxy executed in writing by the member or by his duly authorized attorney in fact. No proxy shall be valid after eleven months from the date of its execution, unless otherwise provided in the proxy. Except as otherwise provided in the articles of incorporation or bylaws, any action that may be taken at any annual, regular, or special meeting of members may be taken without a meeting if the corporation delivers a ballot to every member entitled to vote on the matter. Each ballot must:

(1) Set forth each proposed action;

(2) Provide an opportunity to vote for or against, or withhold a vote for, each proposed action;

(3) Be delivered to each member by any means of transmission set forth in the bylaws or articles of incorporation. If no method is set forth in the bylaws or articles of incorporation, ballots may be delivered by any reasonable means, including, but not limited to, traditional mail, hand delivery, email, or electronic facsimile;

(4) Indicate the number of responses needed to meet the quorum requirements;

(5) State the percentage of approvals necessary to approve each matter other than election of directors; and

(6) Specify the time by which a ballot must be received in order to be counted.

Unless otherwise provided in the articles of incorporation or bylaws, approval by ballot, pursuant to this section, of action other than election of directors is valid only when the number of votes cast by ballot equals or exceeds the quorum required to be present at a meeting authorizing the action, and the number of approvals equals or exceeds the number of votes that would be required to approve the matter at a meeting at which the total number of votes cast was the same as the number of votes cast by ballot. Except as otherwise provided in the articles of incorporation or bylaws, a ballot may not be revoked.

SDCL 47-23-9

SL 1965, ch 24, § 17; SL 2016, ch 221, §9.

Amended by S.L. 2016, ch. 221,s. 9, eff. 7/1/2016.