South Dakota Codified Laws 40-37-8. Election of directors–Voting–Terms of office
Current as of: 2023 | Check for updates
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Each director shall be elected at the district meeting for a term of three years. No more than three directors shall be elected annually. Each sole resident owner of livestock, whether an individual, corporation, or partnership shall be entitled to one vote at the district meeting. All vacancies on the district board shall be filled for unexpired terms by the other directors in office. All members so elected shall hold their offices until their successors have been elected and qualified.
Terms Used In South Dakota Codified Laws 40-37-8
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
Source: SL 1974, ch 275, § 4; SL 1978, ch 289, § 2; SL 1979, ch 272, § 7.