Section 47-17-1 - Board of directors as manager of cooperative--Qualifications of directors. - South-dakota Statutes

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47-17-1. Board of directors as manager of cooperative--Qualifications of directors. The business and affairs of a cooperative shall be managed by a board of directors. Every director shall be a member or a representative of a member who is other than a natural person. The bylaws shall prescribe any other qualifications for directors and may provide that directors be from specified territorial districts.

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

State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-17 > Statute-47-17-1

47-17-1. Board of directors as manager of cooperative--Qualifications of directors. The business and affairs of a cooperative shall be managed by a board of directors. Every director shall be a member or a representative of a member who is other than a natural person. The bylaws shall prescribe any other qualifications for directors and may provide that directors be from specified territorial districts.

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

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State Codes and Statutes

Statutes > South-dakota > Title-47 > Chapter-17 > Statute-47-17-1

47-17-1. Board of directors as manager of cooperative--Qualifications of directors. The business and affairs of a cooperative shall be managed by a board of directors. Every director shall be a member or a representative of a member who is other than a natural person. The bylaws shall prescribe any other qualifications for directors and may provide that directors be from specified territorial districts.

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