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.
S.D. Codified Laws § 58-5-40
Meetings of members of domestic mutual insurer--Time, notice, quorum, and conduct
Source: SL 1966, ch 111, ch 16, § 16 (2) (c), (3); SL 1968, ch 135; SL 1973, ch 297.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.