South Dakota Statutes
§ 58-12-5 — Annuity contract defined.
An annuity contract within the meaning of §§ 58-12-6 to 58-12-10 , inclusive, shall be any obligation to pay certain sums at stated times, during life or lives, or for a specified term or terms, issued for a valuable consideration, regardless of whether or not such sums are payable to one or more persons, jointly or otherwise but does not include payments under life insurance contracts at stated times during life or lives, or for a specified term or terms.
Free access — add to your briefcase to read the full text and ask questions with AI
South Dakota § 58-12-5 (Annuity contract defined.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
In Re Bowen
80 B.R. 1012 (D. South Dakota, 1987)
Legislative History
SL 1966, ch 111, ch 22, § 32 (3).
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.