South Dakota Codified Laws
Chapter 17 - Cooperatives--Directors, Officers And Employees
Section 47-17-12 - Directors' executive committee--Powers of committee.

47-17-12. Directors' executive committee--Powers of committee.
If the bylaws of a cooperative so provide, the board of directors may elect an executive committee to consist of three or more directors. When the board is not in session, such committee shall have all powers of the board except in respect to:
(1)Powers reserved by the board to itself;
(2)Apportionment or distribution of proceeds;
(3)Election of officers;
(4)Filling of vacancies in the board; and
(5)Amendments to the bylaws.
The board may elect other directors as alternates for members of the executive committee.

Source: SDC 1939, §11.1125 as enacted by SL 1965, ch 23, §1.

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Structure South Dakota Codified Laws

South Dakota Codified Laws

Title 47 - Corporations

Chapter 17 - Cooperatives--Directors, Officers And Employees

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

Section 47-17-2 - Compensation of directors.

Section 47-17-3 - Number of directors.

Section 47-17-4 - First directors as temporary board--Election of permanent directors--Territorial directors--Directors' terms of office--Alternates.

Section 47-17-4.1 - Use of funds or employee activity to promote election to office prohibited--Directors and officers permitting violation subject to civil fine.

Section 47-17-5 - Removal of directors.