SDCL § 58-5-81: Quorum of directors during national emergency--Filling vacancies in board.
Where this section sits in the code
- TITLE 58. INSURANCE
- 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