Section 47-17-14 - Principal officers of cooperative--Election by board of directors.
47-17-14. Principal officers of cooperative--Election by board of directors. The principal officers of a cooperative are a president, one or more vice-presidents as prescribed in the bylaws, a secretary and a treasurer. They shall be elected annually by the board of directors at such time and in such manner as the bylaws provide. Each principal officer except the secretary and the treasurer must be a director of the cooperative. The offices of secretary and treasurer may be combined in one person.
Source: SDC 1939, § 11.1127 (1) as enacted by SL 1965, ch 23, § 1.