Section 58-5-40 - Meetings of members of domestic mutual insurer--Time, notice, quorum, andconduct. - South-dakota Statutes

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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, § 16 (2) (c), (3); SL 1968, ch 135; SL 1973, ch 297.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-40

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, § 16 (2) (c), (3); SL 1968, ch 135; SL 1973, ch 297.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-40

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, § 16 (2) (c), (3); SL 1968, ch 135; SL 1973, ch 297.