S.D. Codified Laws § 58-27-76

Current through the 2024 Legislative Session

Section 58-27-76 - Expiration of period for disposal of ineligible property or securities-Disallowance as admitted asset

Any real estate, personal property, or securities acquired and held by an insurer after expiration of the period for disposal thereof or any extension of such period granted by the director, as provided in §§ 58-27-50 and 58-27-70 to 58-27-75, inclusive, shall not be allowed as an admitted asset of the insurer.

SDCL 58-27-76

SL 1966, ch 111, ch 6, § 33 (1).