S.D. Admin. R. 20:06:11:04

Current through Register Vol. 51, page 67, December 16, 2024

Section 20:06:11:04 - Exceptions

Section 20:06:11:01 shall not apply if the number of directors who would be in violation of SDCL 58-5-61, were it not for the exemptions provided by § 20:06:11:01, exceeds two-fifths of the total elected membership of the board of directors.

S.D. Admin. R. 20:06:11:04

1 SDR 53, effective 1/27/1975; 4 SDR 6, effective 8/9/1977; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-4-1, 58-5-65.

Law Implemented: SDCL 58-5-61.