62-1-7Executive officers as employees of corporations--Exception as to nonprofit corporations.

Every duly elected or appointed executive officer of a corporation, other than a charitable, religious, educational, or other nonprofit corporation, shall be an employee of such corporation under this title.

Source: SDC 1939, § 64.0102 (2) (b) as added by SL 1957, ch 495; SL 1959, ch 454.