S.D. Codified Laws § 58-5A-18

Current through the 2024 Legislative Session

Section 58-5A-18 - Acquisition, divestiture, or merger without approval as misdemeanor

No person may effectuate or attempt to effectuate an acquisition of control of, divestiture of, or merger with, a domestic insurer unless it has been approved by the director. A violation of this section is a Class 2 misdemeanor.

SDCL 58-5A-18

SL 1972, ch 267, §§ 12 (2), 36; SDCL Supp, § 58-5A-42; SL 1978, ch 359, § 2; SL 2015, ch 246, § 6.

Amended by S.L. 2015, ch. 246,s. 6, eff. 7/1/2015.