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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 27 - Loans And Investments Of Insurers
§ 58-27-13 Obligations or stock of federal agencies.
Universal Citation: SD Codified L § 58-27-13 (2019)
58-27-13. Obligations or stock of federal agencies. An insurer may invest in the obligations, or stock thereof where stated, of the following agencies of the government of the United States of America, whether or not such obligations are guaranteed by such government:
(1) Commodity credit corporation;
(2) Federal intermediate credit banks;
(3) Federal land banks;
(4) Banks for cooperatives;
(5) Federal home loan banks, and stock thereof;
(6) Federal national mortgage association, and stock thereof when acquired in connection with sale of mortgage loans to such association; and
(7) Any other similar agency of the government of the United States of America and of similar financial quality.
Source: SL 1966, ch 111, ch 6, § 10; SL 1979, ch 37, § 7.
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