South Dakota Statutes

§ 58-27-64 — Affiliate defined.

South Dakota § 58-27-64
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-27LOANS AND INVESTMENTS OF INSURERS

This text of South Dakota § 58-27-64 (Affiliate defined.) 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 § 58-27-64 (2026).

Text

The term "affiliate" when used in §§ 58-27-62 to 58-27-66 , inclusive, shall mean any person, firm, trust, corporation, or other business entity, which by stock ownership or by any contractual arrangement whatsoever, has the power, either directly or indirectly, to control twenty - five percent or more of the voting shares or voting rights of such insurer or any such organization which is similarly controlled by any such insurer to such extent and all other affiliates of any such affiliate.

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Legislative History

SL 1966, ch 111, ch 6, § 34 (1) (e).

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-27-64, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-27-64.