A domestic mutual insurer may merge or consolidate with another insurer under the applicable procedures prescribed by the statutes of this state applying to corporations formed for profit, subject to the provisions of §§ 58-5-135 and 58-5-136.
S.D. Codified Laws § 58-5-134
Merger or consolidation of mutual insurers--Procedure
Source: SL 1966, ch 111, ch 16, § 39 (2); SL 1982, ch 352, § 2; SL 1983, ch 371, § 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.