An insurer may acquire and hold the controlling interest in the outstanding voting stock of another stock insurer formed under the laws of this or another state. All stocks under this section shall be subject to the limitation as to amount as provided in § 58-27-27.
S.D. Codified Laws § 58-27-25
Insurer acquiring controlling interest in another stock insurer--Limitation as to amount
Source: SL 1966, ch 111, ch 6, § 15 (2).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.