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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 51A-3-33: Removal of directors--Vote required.

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Where this section sits in the code
  1. TITLE 51A. BANKS AND BANKING
  2. CHAPTER 51A-3. ORGANIZATION, APPLICATIONS, AND CAPITAL STRUCTURE OF BANKING CORPORATIONS

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.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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