South Dakota § 58-27-13 Obligations or stock of federal agencies.

South Dakota Statutes

§ 58-27-13 — Obligations or stock of federal agencies.

South Dakota § 58-27-13

Title 58INSURANCE

Ch. 58-27LOANS AND INVESTMENTS OF INSURERS

This text of South Dakota § 58-27-13 (Obligations or stock of federal agencies.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 58-27-13 (2026).

Text

An insurer may invest in the obligations, or stock thereof where stated, of the following agencies of the government of the United States of America, whether or not such obligations are guaranteed by such government:

(1)Commodity credit corporation;

(2)Federal intermediate credit banks;

(3)Federal land banks;

(4)Banks for cooperatives;

(5)Federal home loan banks, and stock thereof;

(6)Federal national mortgage association, and stock thereof when acquired in connection with sale of mortgage loans to such association; and (7) Any other similar agency of the government of the United States of America and of similar financial quality.

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An insurer may invest in the obligations, or stock thereof where stated, of the following agencies of the government of the United States of America, whether or not such obligations are guaranteed by such government: (1) Commodity credit corporation; (2) Federal intermediate credit banks; (3) Federal land banks; (4) Banks for cooperatives; (5) Federal home loan banks, and stock thereof; (6) Federal national mortgage association, and stock thereof when acquired in connection with sale of mortgage loans to such association; and (7) Any other similar agency of the government of the United States of America and of similar financial quality.