The bylaws of a domestic mutual insurer shall provide the number, designation, election, terms, and powers and duties of the respective corporate officers. Source: SL 1966, ch 111 , ch 16, § 16 (2) (d).
SDCL § 58-5-43 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-43
The bylaws of a domestic mutual insurer shall provide the number, designation, election, terms, and powers and duties of the respective corporate officers. Source: SL 1966, ch 111 , ch 16, § 16 (2) (d).