47-17-9. Quorum at meeting.
Unless a greater number is required in the bylaws of a cooperative, a majority of the directors in office shall constitute a quorum for transaction of business. Unless a greater number is required in the bylaws, an act of the majority of the directors present at a meeting at which a quorum is present shall be the act of the board.
Source: SDC 1939, §11.1124 (2) as enacted by SL 1965, ch 23, §1.