There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 47 CORPORATIONS
Chapter 23. Nonprofit Corporations--Members, Directors, Officers And Agents
§47-23-25 Removal of officers--Contract rights unaffected.
SD Codified L § 47-23-25 (through 2011) What's This?
47-23-25. Removal of officers--Contract rights unaffected. Any officer or agent elected or appointed may be removed by the persons authorized to elect or appoint such officer whenever in their judgment the best interests of the corporation will be served thereby. The removal of an officer or agent shall be without prejudice to the contract rights, if any, of the officer so removed. Election or appointment of an officer or agent shall not of itself create contract rights.
Source: SL 1965, ch 24, § 26.
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