49-30-13. Board of directors--Election--Terms of office--Director as stockholder.
There shall be a board of not less than three nor more than thirteen directors of every corporation organized under this chapter to manage its affairs, who shall be elected at the time, in the manner and for the terms as are prescribed by its bylaws, and shall hold their offices until the respective successors are chosen. No person may be a director unless the person is a stockholder, owning stock absolutely in the person's own name or as a trustee or personal representative, and qualified to vote at the election at which the person is chosen.
Source: SDC 1939, §52.1305; SL 1943, ch 178; SL 1955, ch 227, §1; SL 2018, ch 265, §2.
Structure South Dakota Codified Laws
Title 49 - Public Utilities and Carriers
Chapter 30 - Telephone And Telegraph Corporations
Section 49-30-2 - Affidavit of directors--Contents of affidavit--Filing with secretary of state.
Section 49-30-3 - Certificate of incorporation--Name of corporation--Powers.
Section 49-30-4 - Powers of corporation--Survey for proposed pole line--Entry upon property.
Section 49-30-5 - Powers of corporation--Holding property for accessory facilities.
Section 49-30-7 - Powers of corporation--Construction along waters and highways.
Section 49-30-8 - Powers of corporation--Connection with preexisting lines--Expense of connection.
Section 49-30-9 - Powers of corporation--Transmission of messages.
Section 49-30-10 - Powers of corporation--Accessory facilities.
Section 49-30-11 - Powers of corporation--Rules and regulations for transmission of messages.
Section 49-30-12 - Powers of corporation--Condemnation of real property.
Section 49-30-13 - Board of directors--Election--Terms of office--Director as stockholder.
Section 49-30-14 - Voting for directors--Filling vacancies.
Section 49-30-15 - Meeting for election of directors--Notice of meeting--Waiver of notice.
Section 49-30-17 - Notice to stockholders--Notice by mail.
Section 49-30-18 - Exhibition of corporate books and records.
Section 49-30-19 - Officers of corporation--Appointment by directors.
Section 49-30-20 - Subscriptions for capital stock.
Section 49-30-23 - Transfer of stock--Stock deemed personal property.
Section 49-30-24 - Liability of stockholders--Stock held by fiduciary or as collateral security.