Section 49-36-6 - Vacancies on board of directors--Circumstances creating vacancy--Filling by board of directors

49-36-6. Vacancies on board of directors--Circumstances creating vacancy--Filling by board of directors.A vacancy on the board of directors shall exist in the event of the(1)Death, disability or removal from district of any directors;(2)Removal from the subdivision from which the director was elected; or(3)Elimination or detachment from the district of the territory in which a director or directors reside.In the event of a vacancy, the vacancy shall be filled by the board of directors. Source: SL 1950 (SS), ch 17, §23; SDC Supp 1960, §52.1723; SL 1989, ch 403, §15.