Section 58-5-107 - Participating policyholder as member. - South Dakota Statutes

58-5-107. Participating policyholder as member. Wherever, in any statutory provision, there is use of the word "member" as applying to a mutual and stock insurance company, the same shall be construed as meaning a participating policyholder of such company and shall have no connotation of membership in such company as when used with reference to mutual insurers.

Source: SL 1966, ch 111, ch 16, § 19.