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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 17 - Cooperatives--Directors, Officers And Employees > Section 47-17-3 - Number of directors.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 47-17-3 - Number of directors.

47-17-3. Number of directors. The number of directors of a cooperative shall not be less than five, provided that in a cooperative with less than fifty members, the number of directors shall not be less than three. Subject to such limitation, the number shall be fixed in the articles, or if the articles so provide, in the bylaws.

Source: SDC 1939, § 11.1123 (2) as enacted by SL 1965, ch 23, § 1.

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