A bank may purchase cash value life insurance contracts under such limits and restrictions as the commission may prescribe by rules promulgated pursuant to chapter 1-26.
S.D. Codified Laws § 51A-4-42
Restrictions on purchase of cash value life insurance contracts
Source: SL 1993, ch 350.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.