A signed waiver of notice of a meeting of the board of directors of a cooperative is equivalent to personal notice to the individual signing the waiver. Attendance at a meeting is a waiver of notice of the meeting, except when a director attends the meeting and objects to the transaction of business because the meeting was not lawfully convened.

Source: SDC 1939, § 11.1124 (3) as enacted by SL 1965, ch 23, § 1; SL 2018, ch 260, § 9.