Statutes > South Dakota Statutes > Title 47 - CORPORATIONS > Chapter 23 - Nonprofit Corporations--Members, Directors, Officers And Agents > Section 47-23-4 - Annual members' meeting--Time and place--Failure to hold meeting.

Section 47-23-4 - Annual members' meeting--Time and place--Failure to hold meeting.

47-23-4. Annual members' meeting--Time and place--Failure to hold meeting. An annual meeting of the members of a corporation shall be held at such time as may be provided in the bylaws. Failure to hold the annual meeting at the designated time shall not work a forfeiture or dissolution of the corporation.

Source: SL 1965, ch 24, § 15.