LegalFix
Sign In

§ 58-5-42 Directors of domestic mutual insurer--Number, qualifications, election, terms of office, and powers.

SD Codified L § 58-5-42 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

58-5-42. Directors of domestic mutual insurer--Number, qualifications, election, terms of office, and powers. The bylaws of a domestic mutual insurer shall provide for election of directors by the members, and the number, qualifications, terms of office, and powers of directors.

Source: SL 1966, ch 111, ch 16, § 16 (2) (b).

Previous Section
§ 58-5-41 Voting rights of members of domestic mutual insurer.
Next Section
§ 58-5-43 Officers of domestic mutual insurer--Number, designation, election, and terms of office--Powers and duties.