The board shall organize by the election of a president and secretary-treasurer from its members. The secretary-treasurer shall furnish a bond in the sum of not less than fifteen thousand dollars. Source: SDC 1939, § 1.0102; SL 2008, ch 195 , § 5.
Election of officers--Bond required of secretary-treasurer
SDCL § 36-13-2 — under ABSTRACTERS OF TITLE.
SDCL § 36-13-2