South Dakota Codified Laws 58-5-6. Incorporators–Number and qualifications
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Five or more individuals may incorporate as a stock insurer; ten or more individuals may incorporate as a mutual insurer. The incorporators shall be citizens of the United States, at least twenty–one years of age, and a majority of the incorporators shall be residents of this state.
Terms Used In South Dakota Codified Laws 58-5-6
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
Source: SL 1966, ch 111, ch 16, § 6 (2).