The affairs of every domestic insurer shall be managed by the number of directors fixed in the insurer's bylaws, which shall not be less than five nor more than twenty - one directors. Source: SL 1966, ch 111 , ch 16, § 21 (1).
Directors of domestic insurer--Number--Management of affairs of insurer
SDCL § 58-5-58 — under ORGANIZATION AND GENERAL POWERS OF INSURERS.
SDCL § 58-5-58