South Dakota Statutes
§ 58-5-47 — Bylaws of domestic stock insurer--Adoption, modification, and revocation.
South Dakota § 58-5-47
This text of South Dakota § 58-5-47 (Bylaws of domestic stock insurer--Adoption, modification, and revocation.) 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 § 58-5-47 (2026).
Text
Before commencing business, the initial board of directors of a domestic stock insurer shall adopt bylaws which shall be subject to the approval by a two - thirds vote of the stockholders present in person or by proxy at the next succeeding stockholders' meeting. Stockholders shall have the power to make, modify, or revoke bylaws by a two - thirds vote of those stockholders present in person or by proxy at a stockholders' meeting.
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Legislative History
SL 1966, ch 111, ch 16, § 17 (1).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-5-47, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-47.