To the extent that such an account is insured by the Savings Association Insurance Fund (SAIF), or any successor organizations, an insurer may invest in share or savings accounts of savings and loan and building and loan associations.
S.D. Codified Laws § 58-27-15
Federally insured savings and loan accounts
Source: SL 1966, ch 111, ch 6, § 21; SL 1971, ch 265, § 2; SL 1982, ch 364; SL 1997, ch 294, § 5.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.