Section 3-12-53 - Disqualification of trustee by loss of qualifying status--Filling of vacancy. - South Dakota Statutes

3-12-53. Disqualification of trustee by loss of qualifying status--Filling of vacancy. In the event that an employee trustee ceases to be a member, or any nonemployee elected trustee no longer serves in the capacity that qualified him for membership on the Board of Trustees, he shall be considered to have resigned from the board, and the board shall select a trustee to serve until a replacement trustee can be elected at a regular election to fill the remaining term. The election shall occur no more than eighteen months after the vacancy occurs. If the election of a replacement trustee coincides with the election of another trustee representing the same group, there shall be only one ballot. The candidate receiving the greatest number of votes shall fill the full term, and the candidate receiving the second greatest number of votes shall be the replacement trustee. The replacement trustee shall take office on July first immediately following his election.

Source: SL 1959, ch 84, § 8; SDC Supp 1960, § 15.3912; SL 1961, ch 255, § 7; SDCL, §§ 9-15-6, 13-45-12; SL 1970, ch 106, § 2; SL 1974, ch 35, § 11; SL 1982, ch 32, § 2.