46A-4-44. Organization meeting of board of directors--Election of president and vice-president--Appointment of secretary.On the regular November meeting in each year the directors shall meet and organize as a board for the ensuing year, elect a president and vice-president from their number and appoint a secretary who need not be a member of the board. Source: SDC 1939, §61.0809; SDCL, §46-12-43; SL 1976, ch 276, §4.
South Dakota Legal Code