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.
S.D. Codified Laws § 58-5-42
Directors of domestic mutual insurer--Number, qualifications, election, terms of office, and powers
Source: SL 1966, ch 111, ch 16, § 16 (2) (b).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.