Statutes, codes, and regulations
South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 5 - ORGANIZATION AND GENERAL POWERS OF INSURERS
Section 58-5-40 - Meetings of members of domestic mutual insurer-Time, notice, quorum, and conduct

S.D. Codified Laws § 58-5-40

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Current through the 2024 Legislative Session
Section 58-5-40 - Meetings of members of domestic mutual insurer-Time, notice, quorum, and conduct

The bylaws of a domestic mutual insurer shall provide the time, notice, quorum, and conduct of annual and special meetings of members. In no event shall a quorum at any meeting of members be less than five percent of the total membership.

SDCL 58-5-40

SL 1966, ch 111, ch 16, § 16 (2) (c), (3); SL 1968, ch 135; SL 1973, ch 297.