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Statutes > South Dakota Laws > Title 47 - CORPORATIONS > Chapter 21 - Rural Electric Cooperatives > Section 47-21-12 - First directors--Term of office.

STATE STATUTES & CODES

SOUTH DAKOTA STATUTES AND CODES

Section 47-21-12 - First directors--Term of office.

47-21-12. First directors--Term of office. The directors of a cooperative named in any articles of incorporation, consolidation, merger, or conversion, shall hold office for their terms and until their successors are elected and qualify.

Source: SL 1947, ch 33, § 12; SDC Supp 1960, § 11.2212 (2).

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