Vacancies on board of directors.

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47-17-6. Vacancies on board of directors.

Unless the bylaws of a cooperative provide otherwise, any vacancy existing in the board of directors may be filled until the next annual meeting by appointment by a majority vote of the directors then in office.

Source: SDC 1939, §11.1123 (5) as enacted by SL 1965, ch 23, §1.


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