<html> <head> <title>Rule 50:01:03:05 Board of directors -- Election of officers.</title> <META NAME="Keywords" Content="Administrative Rules 50:01:03:05"> <META NAME="Description" Content="Administrative Rules 50:01:03:05 Board of directors -- Election of officers."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>50:01:03:05.&nbsp;&nbsp;Board of directors -- Election of officers.</b> Annually, prior to July 1, the board of directors shall elect from board members, by majority vote, a chairman, vice-chairman, secretary, and treasurer to serve during the next fiscal year. Officers and board members shall serve without compensation. The board of directors shall submit an annual report of election to the adjutant general prior to July 1.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 9 SDR 24, effective August 29, 1982; 12 SDR 151, 12 SDR 154, effective July 1, 1986.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=33-11A-3">33-11A-3.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b>SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=33-11A-3">33-11A-3.</A></p> </div> </body> </html>