# S.D. Codified Laws § 58-29C-50: Board of directors--Appointment and term--Vacancies--Compensation

> South Dakota · Statutes · In force

URL: https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-50

## Section

- **Citation:** S.D. Codified Laws § 58-29C-50
- **Heading:** Board of directors--Appointment and term--Vacancies--Compensation
- **Jurisdiction:** South Dakota
- **Kind:** Statutes
- **Status:** In force
- **Text as of:** August 14, 2026
- **Source:** Compiled text
- **Location:** SD Code / Title 58 / Chapter 29C / Section 58-29C-50

## Text

A. The board of directors of the association shall consist of not less than seven nor more than eleven member insurers serving terms as established in the plan of operation. The insurer members of the board shall be elected by member insurers subject to the approval of the director. Vacancies on the board shall be filled for the remaining period of the term by a majority vote of the remaining board members, subject to the approval of the director.

B. In approving selections or in appointing members to the board, the director may consider whether all member insurers are fairly represented.

C. Members of the board may be reimbursed from the assets of the association for expenses incurred as members of the board of directors, but members of the board may not otherwise be compensated by the association for services rendered.

Source: SL 2003, ch 252, § 7; SL 2020, ch 210, § 4.

## Nearby sections

- [S.D. Codified Laws § 58-29C-44 Short title](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-44.md)
- [S.D. Codified Laws § 58-29C-45 Purpose of chapter--Creation of association](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-45.md)
- [S.D. Codified Laws § 58-29C-46 Persons provided with coverage--Policies and portions of policies not covered](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-46.md)
- [S.D. Codified Laws § 58-29C-47 Construction of chapter](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-47.md)
- [S.D. Codified Laws § 58-29C-48 Definitions](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-48.md)
- [S.D. Codified Laws § 58-29C-49 Continuation of association--Membership--Function and organization--Accounts--Supervision--Meetings](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-49.md)
- [S.D. Codified Laws § 58-29C-50 Board of directors--Appointment and term--Vacancies--Compensation](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-50.md)
- [S.D. Codified Laws § 58-29C-51 Impaired or insolvent member--Actions authorized](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-51.md)
- [S.D. Codified Laws § 58-29C-52 Funding provided by assessment of members--Classification of assessments--Amounts of assessments--Abatements--Refunds](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-52.md)
- [S.D. Codified Laws § 58-29C-53 Plan of operation--Effective date--Requirements--Delegation of powers](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-53.md)
- [S.D. Codified Laws § 58-29C-54 Duties and powers of director](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-54.md)
- [S.D. Codified Laws § 58-29C-55 Detection and prevention of insurer insolvencies or impairments--Reports by board](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-55.md)
- [S.D. Codified Laws § 58-29C-56 Member assessment as offset against premium tax liability](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-56.md)
- [S.D. Codified Laws § 58-29C-57 Liability for unpaid assessment--Records of meetings--Association as creditor of impaired or insolvent insurer--Liquidation, rehabilitation, or conservation proceedings](https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-57.md)

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Source: Frix Law Library, https://www.frixlaw.com/law-library/statutes/STATE_SD_T58_C29C_S58-29C-50. Check the current official text before relying on it. Not legal advice.