Statutes > South Dakota Statutes > Title 58 - INSURANCE > Chapter 05 - Organization And General Powers Of Insurers > Section 58-5-42 - Directors of domestic mutual insurer--Number, qualifications, election, terms ofoffice, and powers.

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

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).