When a vacancy on the board of directors occurs, other than by expiration of term, the remaining members of the board by a majority vote shall fill the vacancy unless the bylaws provide for an election of directors by districts. In such a case the board of directors shall immediately call a special meeting of the members or stockholders in that district to fill the vacancy.
S.C. Code Ann. § 33-47-920
Vacancies on board of directors
Known as the Cooperative Marketing Act
The act spans §§ 33–33 (47 sections).
1962 Code SECTION 12-962; 1952 Code SECTION 12-962; 1942 Code SECTION 6510; 1932 Code SECTION 6510; Civ
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.