40-25-9. Directors to manage affairs of association--Terms of office.
A purebred livestock registry association shall be managed by a board of not less than six nor more than fifteen directors to be elected by and from the stockholders of the association at such time and for such terms as the said bylaws may prescribe and to hold office for the time for which they are elected and said bylaws shall provide for the election of one-third of the said directors for succeeding terms in annual, biennial, triennial succession so that the board of directors may operate as a continuing body or board. All directors shall hold office until their successors are elected and have entered upon the discharge of their duties.
Source: SDC 1939, ยง40.1608.
Structure South Dakota Codified Laws
Title 40 - Animals and Livestock
Chapter 25 - Livestock Registry Associations
Section 40-25-1 - Number of organizers required to form association.
Section 40-25-2 - Written articles of association required--Contents.
Section 40-25-3 - Stock and membership provisions in articles of association.
Section 40-25-4 - Amendment of articles by association--Procedure--Filing of amendment.
Section 40-25-5 - Term of existence of association--Extension of term.
Section 40-25-6 - Articles filed to extend term of association--Contents.
Section 40-25-7 - Adoption and amendment of bylaws--Contents.
Section 40-25-8 - Voting by stockholders or members--Proxy voting.
Section 40-25-9 - Directors to manage affairs of association--Terms of office.
Section 40-25-10 - Officers of association.
Section 40-25-11 - Salaries paid by association--Ownership of property.
Section 40-25-12 - Operation as nonprofit corporation--Purposes.