Removal of directors--Vote required

Any director may be removed by the stockholders at any regular or special meeting, except that no director may be removed unless the votes cast against a motion for his removal are less than the total number of shares outstanding, divided by the number of authorized directors, but all of the directors may be removed if a majority of the outstanding shares approves a motion for the removal of all. Source: SL 1969, ch 11 , § 3.26; SDCL, § 51-17-30.