40-25-1. Number of organizers required to form association. Any number of persons not less than six, may associate themselves together as a cooperative association, society, or company for the purpose of conducting a purebred livestock registry association. Source: SDC 1939, §40.1601.
40-25-10. Officers of association. The officers of every purebred livestock registry association shall be a president, one or more vice-presidents, a secretary, and a treasurer, who shall be elected annually by the directors and each of such officers must be a director of the association. The office of secretary and treasurer may be combined and […]
40-25-11. Salaries paid by association–Ownership of property. A purebred livestock registry association shall have power to pay such salaries as its stockholders or directors may prescribe and own such real and personal property as may be required for efficient operation of its business and accomplishment of the purposes for which organized. Source: SDC 1939, §40.1605.
40-25-12. Operation as nonprofit corporation–Purposes. A purebred livestock registry association shall operate as a nonprofit-making corporation and for the promotion of the purebred livestock industry by educational and regulatory measures. Source: SDC 1939, §40.1605.
40-25-13. General corporate powers of association. Any association created under the provisions of this chapter shall have power to conduct the business of a purebred livestock registry association and to do all things necessary to promote the best interests of said association in accordance with law and the articles of incorporation. Source: SDC 1939, §40.1605.
40-25-14. Records and certificates admissible in evidence–Prima facie evidence of pedigree. The records of a purebred livestock registry association or any certified copy thereof or any certificate of pedigree given under the hand of the president and the secretary and under the seal of said association, shall be admissible in evidence before any court, board, […]
40-25-15. Fraudulent registration or transfer of registration as misdemeanor–False pedigree. Every person who by any false pretense shall obtain from any club, association, society, or company for improving the breed of cattle, horses, sheep, swine, or other domestic animals, the registration of any animal in the herd register of any such club, association, society, or […]
40-25-2. Written articles of association required–Contents. The persons forming a purebred livestock registry association shall sign and acknowledge written articles which shall contain the name of the association and the names and residences of the persons forming the same. Such articles shall also contain a statement of the breed of livestock for registration of which […]
40-25-3. Stock and membership provisions in articles of association. The articles of a purebred livestock registry association shall also set forth whether or not interests in the corporation shall be evidenced by shares of stock or by certificates of membership or by both. The articles may provide for the issuance of stock in shares of […]
40-25-4. Amendment of articles by association–Procedure–Filing of amendment. Any purebred livestock registry association may amend its articles of incorporation by a majority vote of its stockholders at any regular stockholders’ meeting or at any special stockholders’ meeting called for that purpose upon thirty days’ written notice to the stockholders, a copy of such notice to […]
40-25-5. Term of existence of association–Extension of term. A purebred livestock registry association may be formed for a term not exceeding fifty years and such term may be extended for like periods of fifty years so long as the members and directors thereof may comply with the Constitution and laws of the State of South […]
40-25-6. Articles filed to extend term of association–Contents. Any association formed under the provisions of this chapter may extend its term of existence at any time within the last year of its then existing term, as evidenced by its articles of incorporation, or any amended articles, by filing with the secretary of state articles of […]
40-25-7. Adoption and amendment of bylaws–Contents. The bylaws of a purebred livestock registry association shall be adopted at the organization meeting of the association after its original articles of incorporation have been filed in the Office of the Secretary of State, and such bylaws may be amended at any meeting of the stockholders called in […]
40-25-8. Voting by stockholders or members–Proxy voting. No person shall be entitled to more than one vote at any stockholders’ meeting no matter how many shares of stock or membership certificates in a purebred livestock registry association he may hold, but nothing in this section shall prevent any person from exercising the voting rights of […]
40-25-9. Directors to manage affairs of association–Terms of office. A purebred livestock registry association shall be managed by a board of not less than six nor more than fifteen directors to be elected by and from the stockholders of the association at such time and for such terms as the said bylaws may prescribe and […]
