58-40-4. Board of directors--Minimum number--Qualifications--Selection--Term of office.
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/sd/title-58/chapter-58-40/58-40-4A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The business of a hospital service plan corporation shall be managed by a board of directors of at least five persons possessing the same general qualifications as the incorporators and they shall be selected, and their number fixed, in the manner set out in the bylaws for three - year terms. The directors of such corporation must at all times include representatives of the following groups: administrators, directors, trustees, or members of the clinical staff of hospitals which have contracted or may contract with such corporation to render to its subscribers hospital service; physicians and surgeons regularly licensed to practice in this state; and the general public exclusive of hospital representatives and physicians.