State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-111

58-5-111. Repayment of loan by domestic insurer. Any loan pursuant to § 58-5-108 or substantial portion thereof shall be repaid by the insurer, upon the director's prior approval, when no longer reasonably necessary for the purpose originally intended.

Source: SL 1966, ch 111, ch 16, § 34 (4).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-111

58-5-111. Repayment of loan by domestic insurer. Any loan pursuant to § 58-5-108 or substantial portion thereof shall be repaid by the insurer, upon the director's prior approval, when no longer reasonably necessary for the purpose originally intended.

Source: SL 1966, ch 111, ch 16, § 34 (4).