There is a newer version of the South Dakota Codified Laws
2011 South Dakota Code
Title 58 INSURANCE
Chapter 34. Reciprocal Insurers
§58-34-26 Authority of corporation to exchange insurance contracts.
SD Codified L § 58-34-26 (through 2011) What's This?
58-34-26. Authority of corporation to exchange insurance contracts. Any corporation now or hereafter organized under the laws of this state shall, in addition to the rights, powers, and franchises specified in its articles of incorporation have full power and authority to exchange insurance contracts of the kind and character mentioned in § 58-34-25. The right to exchange such contracts is declared to be incidental to the purposes for which such corporations are organized and as much granted as the rights and powers expressly conferred.
Source: SL 1966, ch 111, ch 19, § 19 (2).
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