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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-41 Voting rights of members of domestic mutual insurer.
Universal Citation: SD Codified L § 58-5-41 (2019)
58-5-41. Voting rights of members of domestic mutual insurer. The bylaws of a domestic mutual insurer shall provide that each member is entitled to one vote upon each matter coming to a vote at meetings of members and that a member shall have the right to vote in person or by his written proxy. Such proxy shall be for a reasonable specified period of time subject to revocation by a member at any time by written notice to the secretary of the company.
Source: SL 1966, ch 111, ch 16, ยง 16 (2) (a).
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