58-6A-3.6. Members of audit committee.
52 words·~1 min read·
/sd/title-58/chapter-58-6/58-6a-3-6·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.