Section 58-5-41 - Voting rights of members of domestic mutual insurer. - South Dakota Statutes

58-5-41. Voting rights of members of domestic mutual insurer. The bylaws of a domestic mutual insurer shall provide that each member is entitled to one vote upon each matter coming to a vote at meetings of members and that a member shall have the right to vote in person or by his written proxy. Such proxy shall be for a reasonable specified period of time subject to revocation by a member at any time by written notice to the secretary of the company.

Source: SL 1966, ch 111, ch 16, § 16 (2) (a).