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2017 South Dakota Codified Laws
Title 51A - BANKS AND BANKING
Chapter 03 - Organization, Applications, And Capital Structure Of Banking Corporations
§ 51A-3-33 Removal of directors--Vote required.
Universal Citation: SD Codified L § 51A-3-33 (2017)
51A-3-33. Removal of directors--Vote required. Any director may be removed by the stockholders at any regular or special meeting, except that no director may be removed unless the votes cast against a motion for his removal are less than the total number of shares outstanding, divided by the number of authorized directors, but all of the directors may be removed if a majority of the outstanding shares approves a motion for the removal of all.
Source: SL 1969, ch 11, § 3.26; SDCL, § 51-17-30.
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