A corporation has the officers described in its bylaws or appointed by the board of directors in accordance with the bylaws. The board of directors may elect individuals to fill one or more offices of the corporation. An officer may appoint one or more officers if authorized by the bylaws or the board of directors. The bylaws or the board of directors shall assign to one of the officers responsibility for preparing the minutes of the directors' and shareholders' meetings and for maintaining and authenticating the records of the corporation required to be kept under §§ 47-1A-1601 and 47-1A-1601.1. The same individual may simultaneously hold more than one office in a corporation.
S.D. Codified Laws § 47-1A-840
Officers
Known as the South Dakota Business Corporation Act
The act spans §§ 47-1A-1001–47-1A-957 (383 sections).
Applied in 1 court decision — leading case Smith Angus Ranch v. Hurst (2021)
Most recently applied in Smith Angus Ranch v. Hurst (July 2021)
Source: SL 2005, ch 239, § 164.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.