47-17-14. Principal officers of cooperative--Election by board of directors.
72 words·~1 min read·
/sd/title-47/chapter-47-17/47-17-14·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The principal officers of a cooperative are a president, one or more vice-presidents as prescribed in the bylaws, a secretary, and a treasurer. The principal officers shall be elected annually by the board of directors at a time and manner pursuant to the bylaws. Each principal officer except the secretary and the treasurer shall be a director of the cooperative. The offices of secretary and treasurer may be combined in one individual.