South Dakota Statutes
§ 58-37A-6 — Specification of laws or rules--Membership rights.
A society shall specify in its laws or rules:
(1)Eligibility standards for each class of membership. If benefits are provided on the lives of children, the minimum age for adult membership shall be set at not less than age fifteen and not greater than age twenty - one;
(2)The process for admission to membership for each membership class; and (3) The rights and privileges of each membership class. However, only benefit members have the right to vote on the management of the insurance affairs of the society. A society may also admit social members who have no voice or vote in the management of the insurance affairs of the society. Membership rights in the society are personal to the member and are not assignable.
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South Dakota § 58-37A-6 (Specification of laws or rules--Membership rights.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1990, ch 410, § 6.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.