There is a newer version of the South Dakota Codified Laws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
§58-26-6 Purchase money mortgage on real property--Restriction as to valuation.
SD Codified L § 58-26-6 (through 2011) What's This?
58-26-6. Purchase money mortgage on real property--Restriction as to valuation. Purchase money mortgages on real property referred to in § 58-26-5 shall be valued in an amount not exceeding the acquisition cost of the real property covered thereby or ninety per cent of the fair value of such real property, whichever is less.
Source: SL 1966, ch 111, ch 5, § 15.
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