49-36-6. Vacancies on board of directors--Circumstances creating vacancy--Filling by board of directors.
69 words·~1 min read·
/sd/title-49/chapter-49-36/49-36-6A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.