If the director does not approve any such plan and agreement, he shall notify the insurer in writing, specifying his reasons therefor.
S.D. Codified Laws § 58-5-133
Disapproval of merger or consolidation--Notice to insurer
Source: SL 1966, ch 111, ch 16, § 38 (4).
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.