Section 58-5-157 - Investment of funds in securities. - South-dakota Statutes

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Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-157

58-5-157. Investment of funds in securities. In addition to any investment permitted pursuant to § 58-5-156, a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:
(1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156; or
(2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.

Source: SL 1998, ch 287, § 4.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-157

58-5-157. Investment of funds in securities. In addition to any investment permitted pursuant to § 58-5-156, a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:
(1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156; or
(2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.

Source: SL 1998, ch 287, § 4.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05 > Statute-58-5-157

58-5-157. Investment of funds in securities. In addition to any investment permitted pursuant to § 58-5-156, a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:
(1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156; or
(2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.

Source: SL 1998, ch 287, § 4.