There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 49 PUBLIC UTILITIES AND CARRIERS
Chapter 33. Electric, Street Railway And Gas Corporations
§49-33-15 Director as stockholder--Minimum stock ownership.
SD Codified L § 49-33-15 (through 2011) What's This?
49-33-15. Director as stockholder--Minimum stock ownership. No person shall be a director of a corporation organized under this chapter unless he is a stockholder thereof owning absolutely in his own right, or as trustee or personal representative, at least ten shares of the capital stock of such corporation and must be duly qualified to vote such stock at the election at which he shall be chosen.
Source: SDC 1939, § 52.1504.
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