There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 47-1A-1020 — Amendment by board of directors or shareholders.
47-1A-1020. Amendment by board of directors or shareholders. 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.
Source: SL 2005, ch 239, § 246.
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