47-23-20. Quorum of directors--Provisions of articles or bylaws as governing.
A majority of the number of directors fixed by the bylaws, or in the absence of a bylaw fixing the number of directors, then of the number stated in the articles of incorporation, shall constitute a quorum for the transaction of business, unless otherwise provided in the articles of incorporation or the bylaws; but in no event shall a quorum consist of less than one-third of the number of directors so fixed or stated. The act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board of directors, unless the act of a greater number is required by chapters 47-22 to 47-28, inclusive, the articles of incorporation or the bylaws.
Source: SL 1965, ch 24, ยง22.
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.