Any particular investment held by an insurer on July 1, 1997, and which was a legal investment at the time it was made, and which the insurer was legally entitled to possess immediately prior to July 1, 1997 shall be deemed to be an eligible investment.
S.D. Codified Laws § 58-27-4
Prior legal investment deemed eligible
Source: SL 1966, ch 111, ch 6, § 2 (2); SL 1997, ch 294, § 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.