An insurer may invest any of its funds in purchase money mortgages or like securities received by it upon the sale or exchange of real property acquired pursuant to § 58-27-50.
S.D. Codified Laws § 58-27-40
Purchase money mortgage or other securities received by insurer upon sale or exchange of real property
Source: SL 1966, ch 111, ch 6, § 24 (3).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.