Section 58-5A-16 - Acquisitions exempt from information and approval requirements by order of director. - South-dakota Statutes

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58-5A-16. Acquisitions exempt from information and approval requirements by order of director. The provisions of §§ 58-5A-3 to 58-5A-13, inclusive, shall not apply to any offer, request, invitation, agreement, or acquisition which the director by order shall exempt therefrom as not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer, or as otherwise not comprehended within the purposes of this chapter.

Source: SL 1972, ch 267, § 11 (3).

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05a > Statute-58-5a-16

58-5A-16. Acquisitions exempt from information and approval requirements by order of director. The provisions of §§ 58-5A-3 to 58-5A-13, inclusive, shall not apply to any offer, request, invitation, agreement, or acquisition which the director by order shall exempt therefrom as not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer, or as otherwise not comprehended within the purposes of this chapter.

Source: SL 1972, ch 267, § 11 (3).

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-05a > Statute-58-5a-16

58-5A-16. Acquisitions exempt from information and approval requirements by order of director. The provisions of §§ 58-5A-3 to 58-5A-13, inclusive, shall not apply to any offer, request, invitation, agreement, or acquisition which the director by order shall exempt therefrom as not having been made or entered into for the purpose and not having the effect of changing or influencing the control of a domestic insurer, or as otherwise not comprehended within the purposes of this chapter.

Source: SL 1972, ch 267, § 11 (3).