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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 58-5-81: Quorum of directors during national emergency--Filling vacancies in board.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-5. ORGANIZATION AND GENERAL POWERS OF INSURERS

In the event that the board of directors of a domestic insurer has not adopted emergency bylaws, the following provisions shall become effective upon the occurrence of such a national emergency:

(1) Three directors shall constitute a quorum for the transaction of business at all meetings of the board; and

(2) Any vacancy in the board may be filled by a majority of the remaining directors, though less than a quorum, or by a sole remaining director.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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