There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 26. Valuation Of Assets, Liabilities And Reserves
§58-26-4 Preferred or guaranteed stocks--Method of computing value approved by director.
SD Codified L § 58-26-4 (through 2011) What's This?
58-26-4. Preferred or guaranteed stocks--Method of computing value approved by director. Preferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the discretion of the director and in accordance with such method of computation as he may approve.
Source: SL 1966, ch 111, ch 5, § 13 (2).
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