S.D. Codified Laws § 51A-3-33
This is the official text of S.D. Codified Laws § 51A-3-33, 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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Removal of directors--Vote required
Official statutory text
Any director may be removed by the stockholders at any regular or special meeting, except that no director may be removed unless the votes cast against a motion for his removal are less than the total number of shares outstanding, divided by the number of authorized directors, but all of the directors may be removed if a majority of the outstanding shares approves a motion for the removal of all.
Source: SL 1969, ch 11, § 3.26; SDCL, § 51-17-30.
Source: SL 1969, ch 11, § 3.26; SDCL, § 51-17-30.
Status: in_force · Read it on the official government site
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