There is a newer version of the South Dakota Codified Laws
2006 South Dakota Code - 47-1A-205 — Organization of corporation.
47-1A-205. Organization of corporation. After incorporation:
(1) If initial directors are named in the
articles of incorporation, the initial directors shall hold an
organizational meeting, at the call of a majority of the directors,
to complete the organization of the corporation by appointing
officers, adopting bylaws, and carrying on any other business
brought before the meeting;
(2) If initial directors are not named in
the articles, the incorporator or incorporators shall hold an
organizational meeting at the call of a majority of the
incorporators:
(a) To elect directors and complete the
organization of the corporation; or
(b) To elect a board of directors who
shall complete the organization of the corporation.
Action
required or permitted by this chapter to be taken by incorporators
at an organizational meeting may be taken without a meeting if the
action taken is evidenced by one or more written consents
describing the action taken and signed by each incorporator. An
organizational meeting may be held in or out of this state.
Source: SL 2005, ch 239, § 34.
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