Organization meeting of board of directors--Election of president and vice-president--Appointment of secretary.

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46A-4-44. Organization meeting of board of directors--Election of president and vice-president--Appointment of secretary.

On the regular November meeting in each year the directors shall meet and organize as a board for the ensuing year, elect a president and vice-president from their number and appoint a secretary who need not be a member of the board.

Source: SDC 1939, §61.0809; SDCL, §46-12-43; SL 1976, ch 276, §4.


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