S.D. Codified Laws § 58-35-7

Current through the 2024 Legislative Session

Section 58-35-7 - Declaration of intent to incorporate, filing-Proposed articles of incorporation, execution

The individuals proposing to form a farm mutual insurer as referred to in § 58-35-5 or 58-35-6 shall file with the director:

(1) A declaration of their intention to form such a corporation signed by at least one hundred incorporators if a proposed state mutual insurer, or by at least twenty-five incorporators if a proposed county mutual insurer; and

(2) The original and two copies with original signatures of the proposed articles of incorporation signed by three or more of the incorporators and notarized.

SDCL 58-35-7

SL 1966, ch 111, ch 17, § 8 (1); SL 1993, ch 369, § 1.