There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 28. Separate Life Insurance And Annuity Accounts
§58-28-17 Ownership by insurer--Not a trustee.
SD Codified L § 58-28-17 (through 2011) What's This?
58-28-17. Ownership by insurer--Not a trustee. Amounts allocated to a separate account in the exercise of the power granted by this chapter shall be owned by the insurer, and the insurer shall not be, nor hold itself out to be, a trustee with respect to such amounts.
Source: SL 1966, ch 111, ch 6, § 36 (6); § 36 (5) as amended by SL 1967, ch 131; SDCL, § 58-28-5; SL 1971, ch 266, § 1 (5).
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