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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-40 Meetings of members of domestic mutual insurer--Time, notice, quorum, and conduct.
Universal Citation: SD Codified L § 58-5-40 (2019)
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.
Source: SL 1966, ch 111, ch 16, ยง 16 (2) (c), (3); SL 1968, ch 135; SL 1973, ch 297.
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