Section 62-1-7 - Executive officers as employees of corporations--Exception as to nonprofit corporations

62-1-7. Executive officers as employees of corporations--Exception as to nonprofit corporations.Every duly elected or appointed executive officer of a corporation, other than a charitable, religious, educational, or other nonprofit corporation, shall be an employee of such corporation under this title. Source: SDC 1939, §64.0102 (2) (b) as added by SL 1957, ch 495; SL 1959, ch 454.