20:07:03:18.01Number and frequency of board meetings --
Section · Administrative Rules of South Dakota · View on sdlegislature.gov ↗
Exception. A bank must establish through its bylaws that its board of directors hold meetings in a timely manner as is prudent, but not less than four meetings annually. The director, at the director's discretion, may require the bank to hold meetings of its board of directors more frequently than is provided for in its bylaws.
Source: 16 SDR 102, effective December 21, 1989; 25 SDR 72, effective November 19, 1998.