Procedure in absence of members entitled to vote--Adoption of restatement by board of directors.

1. Law
2. South Dakota Codified Laws
3. Corporations
4. Nonprofit Corporations Formation And General Powers
5. Procedure in absence of members entitled to vote--Adoption of restatement by board of directors.

47-22-27. Procedure in absence of members entitled to vote--Adoption of restatement by board of directors.

If there are no members, or no members entitled to vote thereon, the proposed restated articles shall be adopted at a meeting of the board of directors upon receiving the affirmative vote of a majority of the directors in office.

Source: SL 1965, ch 24, §39.

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