Section 51A-3-33 - Removal of directors--Vote required. - South-dakota Statutes

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51A-3-33. Removal of directors--Vote required. Any director may be removed by the stockholders at any regular or special meeting, except that no director may be removed unless the votes cast against a motion for his removal are less than the total number of shares outstanding, divided by the number of authorized directors, but all of the directors may be removed if a majority of the outstanding shares approves a motion for the removal of all.

Source: SL 1969, ch 11, § 3.26; SDCL, § 51-17-30.

State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-03 > Statute-51a-3-33

51A-3-33. Removal of directors--Vote required. Any director may be removed by the stockholders at any regular or special meeting, except that no director may be removed unless the votes cast against a motion for his removal are less than the total number of shares outstanding, divided by the number of authorized directors, but all of the directors may be removed if a majority of the outstanding shares approves a motion for the removal of all.

Source: SL 1969, ch 11, § 3.26; SDCL, § 51-17-30.

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State Codes and Statutes

Statutes > South-dakota > Title-51a > Chapter-03 > Statute-51a-3-33

51A-3-33. Removal of directors--Vote required. Any director may be removed by the stockholders at any regular or special meeting, except that no director may be removed unless the votes cast against a motion for his removal are less than the total number of shares outstanding, divided by the number of authorized directors, but all of the directors may be removed if a majority of the outstanding shares approves a motion for the removal of all.

Source: SL 1969, ch 11, § 3.26; SDCL, § 51-17-30.