South Dakota Statutes

§ 58-5-46 — Certified copy of bylaws and amendments of domestic mutual insurer filed with director--Disapproval by director, grounds.

South Dakota § 58-5-46
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-46 (Certified copy of bylaws and amendments of domestic mutual insurer filed with director--Disapproval by director, grounds.) 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 § 58-5-46 (2026).

Text

A domestic mutual insurer shall promptly file with the director of the Division of Insurance a certified copy of its bylaws and all amendments thereto. The director at the time of filing or within thirty days thereafter shall 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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Legislative History

SL 1966, ch 111, ch 16, § 16 (4).

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-5-46, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-46.