2013 South Dakota Codified Laws
Title 58 - INSURANCE
Chapter 27 - Loans And Investments Of Insurers
§ 58-27-35 Deduction of sum owing on real property but not due or delinquent--Reservedrights not included in fair value of property.
58-27-35. Deduction of sum owing on real property but not due or delinquent--Reserved rights not included in fair value of property. If under any of the exceptions set forth in § 58-27-34 there is any sum owing but not due or delinquent, the total amount of such sum shall be deducted from the amount which otherwise might be loaned on the property. The value of any mineral, oil, timber, or similar right reserved shall not be included in the fair value of the property.
Source: SL 1966, ch 111, ch 6, § 28 (2).
Disclaimer: These codes may not be the most recent version. South Dakota may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
