Vacancies on board of directors--Circumstances creating vacancy--Filling by board of directors.

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  5. Vacancies on board of directors--Circumstances creating vacancy--Filling by board of directors.

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49-36-6. Vacancies on board of directors--Circumstances creating vacancy--Filling by board of directors.

A vacancy on the board of directors shall exist in the event of the

(1)Death, disability or removal from district of any directors;

(2)Removal from the subdivision from which the director was elected; or

(3)Elimination or detachment from the district of the territory in which a director or directors reside.

In the event of a vacancy, the vacancy shall be filled by the board of directors.

Source: SL 1950 (SS), ch 17, §23; SDC Supp 1960, §52.1723; SL 1989, ch 403, §15.


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