South Dakota Statutes
§ 58-27-13 — Obligations or stock of federal agencies.
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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South Dakota § 58-27-13 (Obligations or stock of federal agencies.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 6, § 10; SL 1979, ch 37, § 7.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.