No director, officer, insurance producer, or employee of any insurer party to such merger or consolidation may receive any fee, commission, compensation, or other valuable consideration whatsoever for aiding, promoting, or assisting therein except as set forth in such plan and agreement.
S.D. Codified Laws § 58-5-130
Compensation for promoting merger or consolidation of stock insurers
Source: SL 1966, ch 111, ch 16, § 38 (3); SL 2001, ch 286, § 73.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.