58-6A-3.6. Members of audit committee.The risk retention group shall have an audit committee composed of at least three independent board members as defined in §§58-6A-3.1 and 58-6A-3.2. A nonindependent board member may participate in the activities of the audit committee, if invited by the committee, but cannot be a member of the audit committee. Source: SL 2016, ch 232, §8.
South Dakota Legal Code