South Dakota § 58-35-22 Contents of bylaws.

South Dakota Statutes

§ 58-35-22 — Contents of bylaws.

South Dakota § 58-35-22

Title 58INSURANCE

Ch. 58-34FARM MUTUAL INSURERS

This text of South Dakota § 58-35-22 (Contents of bylaws.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-35-22 (2026).

Text

The bylaws of a farm mutual insurer shall provide:

(1)The extent of liability of each member for payment of the expenses and losses of the insurer;

(2)The time when obligations of members for losses and expenses become due;

(3)The terms of office of the directors; at least part of the directors shall be elected at each annual meeting of members, and the term of any director shall not be longer than three years;

(4)The date of the annual meeting of the members. Each member shall be permitted to cast at least one vote, either in person or, if authorized by the bylaws, by proxy, for each director to be elected and upon any other matter;

(5)The method of selecting directors in event of resignation, disability, or death; and (6) The method of giving notice of annual and s

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The bylaws of a farm mutual insurer shall provide: (1) The extent of liability of each member for payment of the expenses and losses of the insurer; (2) The time when obligations of members for losses and expenses become due; (3) The terms of office of the directors; at least part of the directors shall be elected at each annual meeting of members, and the term of any director shall not be longer than three years; (4) The date of the annual meeting of the members. Each member shall be permitted to cast at least one vote, either in person or, if authorized by the bylaws, by proxy, for each director to be elected and upon any other matter; (5) The method of selecting directors in event of resignation, disability, or death; and (6) The method of giving notice of annual and special meetings of members.