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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 05A - Insurance Holding Companies
§ 58-5A-18 Acquisition, divestiture, or merger without approval as misdemeanor.
Universal Citation: SD Codified L § 58-5A-18 (2019)
58-5A-18. Acquisition, divestiture, or merger without approval as misdemeanor. No person may effectuate or attempt to effectuate an acquisition of control of, divestiture of, or merger with, a domestic insurer unless it has been approved by the director. A violation of this section is a Class 2 misdemeanor.
Source: SL 1972, ch 267, §§ 12 (2), 36; SDCL Supp, § 58-5A-42; SL 1978, ch 359, § 2; SL 2015, ch 246, § 6.
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