Section 10-1-7 - Appointment and tenure of directors--Full time service required--Oath and bond - South Dakota Statutes

10-1-7. Appointment and tenure of directors--Full time service required--Oath and bond. Directors of the respective divisions shall be appointed by the secretary of the Department of Revenue and Regulation and serve at the pleasure of the secretary. The directors shall devote their full time to their duties and may hold no other office or position of profit. Before entering upon the duties of their office, the directors and deputies shall take and subscribe the oath required by S.D. Const., Art. XXI, § 3 and give bond to the state in like manner and form as the secretary, and file the bond in the Office of the Secretary of State. The form of the bond shall be approved by the attorney general and the sufficiency of the bond by the Governor. The premium for the bond shall be paid by the state.

Source: SL 1955, ch 246, § 4; SDC Supp 1960, § 57.01A04; SL 1995, ch 2, § 3; SL 2003, ch 272, § 82; SL 2008, ch 37, § 3.