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. Source: SL 1966, ch 111 , ch 16, § 16 (2) (b).
SDCL § 58-5-42 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-42
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. Source: SL 1966, ch 111 , ch 16, § 16 (2) (b).