2011 South Dakota Code
Title 51A BANKS AND BANKING
Chapter 02. Division Of Banking
§51A-2-8 Terms of appointive members of commission--Vacancies--Removal for cause.
51A-2-8. Terms of appointive members of commission--Vacancies--Removal for cause. The term of office of members of the commission as created by this chapter shall be three years each. However, the term of office of only one member who is a director or officer of a bank shall expire each year.
Vacancies arising other than from the natural expiration of a term shall be appointed for the remainder of the unexpired term only and such appointees shall meet the qualifications prescribed by law for the vacated position. All appointments to the commission shall be effective on the first day of July. Members shall serve until their successors are appointed and qualified. Any member may be removed by the Governor for cause.
Source: SL 1933, ch 47, § 1; SDC 1939, § 6.0201; SL 1941, ch 13; SL 1945, ch 26; SL 1966, ch 11; SDCL, § 51-2-10; SL 1969, ch 11, § 2.8; SL 1970, ch 265, § 4; SL 1975, ch 7, § 3; SL 1988, ch 377, § 23; SDCL, § 51-16-8.
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