58-39-4. Board of directors--Minimum number--Qualifications--Selection--Term of office.
The business of a dental service corporation shall be managed by a board of directors of at least five persons possessing the same general qualifications as the incorporators and selected, and the number fixed, in the manner set out by the bylaws for three-year terms. At least a majority of the directors of said corporation must be at all times dentists who have contracted, or may contract with such corporation to render to its subscribers dental service.
Source: SL 1966, ch 111, ch 30, ยง4.
Structure South Dakota Codified Laws
Chapter 39 - Nonprofit Dental Service Plans
Section 58-39-1 - Incorporators, number required--Purpose of incorporation.
Section 58-39-3 - Members and directors.
Section 58-39-4 - Board of directors--Minimum number--Qualifications--Selection--Term of office.
Section 58-39-5 - License to issue contracts required--Violation as misdemeanor.
Section 58-39-6 - Application for license--Form and contents--Documents accompanying.
Section 58-39-7 - Issuance of license--Matters considered by director.
Section 58-39-8 - Contracts with subscribers--Rates charged for services--Approval by director.
Section 58-39-9 - Care provided by noncontracting dentist--Contracting dentist unavailable.
Section 58-39-10 - Practice of dentistry not authorized by chapter.
Section 58-39-11 - Expenses of acquisition and administration--Control by director.
Section 58-39-12 - Permitted investments.
Section 58-39-13 - Foreign corporation--Transaction of business in state.
Section 58-39-14 - Annual statement of financial condition--Filing--Verification--Form and contents.
Section 58-39-15 - Investigation and examination by director--Cost borne by corporation .
Section 58-39-16 - Exemption from other insurance laws, exceptions--Fees and taxation as insurers.
Section 58-39-16.1 - Assignment of benefits provisions applicable.