47-23-16. Election or appointment of directors--Term of office.
48 words·~1 min read·
/sd/title-47/chapter-47-23/47-23-16A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Directors after the first board shall be elected or appointed in the manner and for the terms provided in the articles of incorporation or the bylaws. In the absence of a provision fixing the term of office, the term of office of a director shall be one year.