Statutes, codes, and regulations
South Dakota Administrative Rules
Title 20 - PUBLIC SAFETYArticle 20:06 - INSURANCE
Chapter 20:06:03 - Domestic stock insurers
Section 20:06:03:35 - Matters not required to be submitted

S.D. Admin. R. 20:06:03:35

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Current through Register Vol. 51, page 67, December 16, 2024
Section 20:06:03:35 - Matters not required to be submitted

If action is to be taken with respect to any matter which is not required to be submitted to a vote of stockholders, the solicitor shall state the nature of such matter, the reason for submitting it to a vote of stockholders and what action is intended to be taken by the management in the event of a negative vote on the matter by the stockholders.

S.D. Admin. R. 20:06:03:35

SL 1975, ch 16, § 1; 12 SDR 151, 12 SDR 155, effective 7/1/1986.

General Authority: SDCL 58-4-1, 58-5-49.

Law Implemented: SDCL 58-5-49.