Section 58-27-23 - Nonassessable common stock of corporation--Insurance stocks excepted. - South-dakota Statutes

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Statutes > South-dakota > Title-58 > Chapter-27 > Statute-58-27-23

58-27-23. Nonassessable common stock of corporation--Insurance stocks excepted. An insurer may invest in nonassessable common shares, trust certificates, or other equity interests, excluding preferred shares, insurance stocks, or acquisitions subject to subdivision 58-27-17(5) or § 58-27-111, of any solvent institution existing under the laws of the United States of America or Canada, or any state or province thereof.

Source: SL 1966, ch 111, ch 6, § 14; SL 1997, ch 294, § 8.

State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-27 > Statute-58-27-23

58-27-23. Nonassessable common stock of corporation--Insurance stocks excepted. An insurer may invest in nonassessable common shares, trust certificates, or other equity interests, excluding preferred shares, insurance stocks, or acquisitions subject to subdivision 58-27-17(5) or § 58-27-111, of any solvent institution existing under the laws of the United States of America or Canada, or any state or province thereof.

Source: SL 1966, ch 111, ch 6, § 14; SL 1997, ch 294, § 8.

State Codes and Statutes

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State Codes and Statutes

Statutes > South-dakota > Title-58 > Chapter-27 > Statute-58-27-23

58-27-23. Nonassessable common stock of corporation--Insurance stocks excepted. An insurer may invest in nonassessable common shares, trust certificates, or other equity interests, excluding preferred shares, insurance stocks, or acquisitions subject to subdivision 58-27-17(5) or § 58-27-111, of any solvent institution existing under the laws of the United States of America or Canada, or any state or province thereof.

Source: SL 1966, ch 111, ch 6, § 14; SL 1997, ch 294, § 8.