S.D. Codified Laws § 58-6A-3.6

Current through the 2024 Legislative Session
Section 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.

SDCL 58-6A-3.6

SL 2016, ch 232, §8.
Added by S.L. 2016, ch. 232,s. 8, eff. 7/1/2016.