47-23-14. Number of directors--Bylaws as governing--Increasing or decreasing number of directors--Decrease as not affecting term.
The number of directors of a corporation shall not be less than three. Subject to such limitation, the number of directors shall be fixed by the bylaws, except as to the number of the first board of directors which number shall be fixed by the articles of incorporation. The number of directors may be increased or decreased from time to time by amendment to the bylaws, unless the articles of incorporation provide that a change in the number of directors shall be made only by amendment of the articles of incorporation. No decrease in number shall have the effect of shortening the term of any incumbent director. In the absence of a bylaw fixing the number of directors, the number shall be the same as that stated in the articles of incorporation.
Source: SL 1965, ch 24, ยง20.
Structure South Dakota Codified Laws
Chapter 23 - Nonprofit Corporations--Members, Directors, Officers And Agents
Section 47-23-2 - Exoneration from personal liability.
Section 47-23-3 - Members' meetings--Time and place.
Section 47-23-4 - Annual members' meeting--Time and place--Failure to hold meeting.
Section 47-23-5 - Special meetings--Electronic communication.
Section 47-23-6 - Taking action without meeting--Written consent--Effect of written consent.
Section 47-23-7 - Notice to members of meeting--Manner of giving notice.
Section 47-23-9 - Voting procedure--Proxy votes--Ballots.
Section 47-23-10 - Cumulative voting for directors.
Section 47-23-11 - Corporations without members entitled to vote--Powers of directors.
Section 47-23-13 - Board of directors--Qualifications of directors.
Section 47-23-15 - First board of directors--Term of office.
Section 47-23-16 - Election or appointment of directors--Term of office.
Section 47-23-17 - Classes of directors--Term of office.
Section 47-23-18 - Removal of directors.
Section 47-23-20 - Quorum of directors--Provisions of articles or bylaws as governing.
Section 47-23-21 - Meetings by teleconference.
Section 47-23-22 - Committees--Authority and function--Responsibility of board of directors.
Section 47-23-23 - Articles or bylaws as governing vote of directors.
Section 47-23-25 - Removal of officers--Contract rights unaffected.
Section 47-23-26 - Notice to members or directors--Written waiver.
Section 47-23-28 - Definition of terms.
Section 47-23-30 - Person not immune where negligent operation of vehicle caused injury.
Section 47-23-31 - Effect on other statutes concerning immunity.