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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05 - Organization And General Powers Of Insurers
§ 58-5-138.1 Compensation of officer, insurance producer, or employee of converting mutual insurer prohibited.
Universal Citation: SD Codified L § 58-5-138.1 (2019)
58-5-138.1. Compensation of officer, insurance producer, or employee of converting mutual insurer prohibited. No director, officer, insurance producer, or employee of any mutual insurer party to a reorganization or conversion to a corporation with capital stock may receive any fee, commission, compensation, or other valuable consideration for that participation except as set forth in the reorganization or conversion plan.
Source: SL 1984, ch 325, § 2; SL 2001, ch 286, § 74.
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