S.D. Codified Laws § 47-1A-1020
This is the official text of S.D. Codified Laws § 47-1A-1020, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Amendment by board of directors or shareholders
Official statutory text
A corporation's shareholders may amend or repeal the corporation's bylaws.
A corporation's board of directors may amend or repeal the corporation's bylaws, unless:
(1) The articles of incorporation or § 47-1A-1021 reserve that power exclusively to the shareholders in whole or part; or
(2) The shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or reinstate that bylaw.
Source: SL 2005, ch 239, § 246.
A corporation's board of directors may amend or repeal the corporation's bylaws, unless:
(1) The articles of incorporation or § 47-1A-1021 reserve that power exclusively to the shareholders in whole or part; or
(2) The shareholders in amending, repealing, or adopting a bylaw expressly provide that the board of directors may not amend, repeal, or reinstate that bylaw.
Source: SL 2005, ch 239, § 246.
Status: in_force · Read it on the official government site
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