There is a newer version
of
this Section
2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 27 - Loans And Investments Of Insurers
§ 58-27-41 Maximum loan on security of real property--Misdemeanor.
Universal Citation: SD Codified L § 58-27-41 (2019)
58-27-41. Maximum loan on security of real property--Misdemeanor. An insurer shall not make or acquire a loan or loans upon the security of any one parcel of real property in aggregate amount in excess of ten thousand dollars or more than the amount permissible under § 58-27-53, whichever is the greater. Violation of this section is a Class 2 misdemeanor.
Source: SL 1966, ch 111, ch 6, § 26 (2); SL 1978, ch 359, § 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.
This site is protected by reCAPTCHA and the Google
Privacy Policy and
Terms of Service apply.
