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S.D. Codified Laws §§ 58-5-128 through 58-5-136: Organization of General Powers of Insurers – South Dakota
Status: EnactedYear Enacted: 1966
Year Amended: 2001
File: Download
Statutes govern mergers and consolidations of stock and mutual insurers. Any plan by which a stock insurer proposes to acquire a substantial or controlling stock interest in another stock insurer through an exchange of stock is deemed to be a plan of merger which requires the approval of the director of the Division of Insurance.
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