South Dakota Statutes

§ 58-35-23 — Filing of bylaws--Disapproval by director.

South Dakota·Title 58 INSURANCE·Ch. 58-34 FARM MUTUAL INSURERS
The insurer shall promptly file with the director two certified copies of its bylaws and all amendments thereto. The director at the time of filing or at any time thereafter may disapprove any bylaw provision deemed by him to be unlawful, unreasonable, inadequate, unfair, or detrimental to the proper interests or protection of the insurer's members or any class thereof.

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South Dakota § 58-35-23 (Filing of bylaws--Disapproval by director.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1966, ch 111, ch 17, § 14 (2); SL 1993, ch 369, § 5.

Nearby Sections

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