Compensation of directors

Unless the bylaws of a cooperative provide otherwise, only the members may establish compensation or other benefits for a director, not available generally to officers and employees, for services as director. Source: SL 1947, ch 33 , § 12; SDC Supp 1960, § 11.2212 (1); SL 1985, ch 370 ; SL 1990, ch 368 .