Any director, officer, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of such organization shall be responsible for such funds in a fiduciary relationship to the enrollees.

Terms Used In South Dakota Codified Laws 58-41-25

  • Fiduciary: A trustee, executor, or administrator.

Source: SL 1974, ch 321, § 17.