No person may effectuate or attempt to effectuate an acquisition of control of, divestiture of, or merger with, a domestic insurer unless it has been approved by the director. A violation of this section is a Class 2 misdemeanor.
S.D. Codified Laws § 58-5A-18
Acquisition, divestiture, or merger without approval as misdemeanor
Source: SL 1972, ch 267, §§ 12 (2), 36; SDCL Supp, § 58-5A-42; SL 1978, ch 359, § 2; SL 2015, ch 246, § 6.
Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.