Section 58-5-42 - Directors of domestic mutual insurer--Number, qualifications, election, terms of office, and powers

58-5-42. Directors of domestic mutual insurer--Number, qualifications, election, terms of office, and powers.The bylaws of a domestic mutual insurer shall provide for election of directors by the members, and the number, qualifications, terms of office, and powers of directors. Source: SL 1966, ch 111, ch 16, §16 (2) (b).