The term of a director shall extend until his successor has been elected and has qualified.
S.D. Codified Laws § 58-5-60
Directors of domestic insurer--Terms of office
Source: SL 1966, ch 111, ch 16, § 21 (3).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.