2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 27 - Loans And Investments Of Insurers
§ 58-27-23 Nonassessable common stock of corporation--Insurance stocks excepted.
58-27-23. Nonassessable common stock of corporation--Insurance stocks excepted. An insurer may invest in nonassessable common shares, trust certificates, or other equity interests, excluding preferred shares, insurance stocks, or acquisitions subject to subdivision 58-27-17(5) or § 58-27-111, of any solvent institution existing under the laws of the United States of America or Canada, or any state or province thereof.
Source: SL 1966, ch 111, ch 6, § 14; SL 1997, ch 294, § 8.
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