South Dakota Statutes

§ 58-28-17 — Ownership by insurer--Not a trustee.

South Dakota § 58-28-17
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-27SEPARATE LIFE INSURANCE AND ANNUITY ACCOUNTS

This text of South Dakota § 58-28-17 (Ownership by insurer--Not a trustee.) 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 § 58-28-17 (2026).

Text

Amounts allocated to a separate account in the exercise of the power granted by this chapter shall be owned by the insurer, and the insurer shall not be, nor hold itself out to be, a trustee with respect to such amounts.

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Legislative History

SL 1966, ch 111, ch 6, § 36 (6); § 36 (5) as amended by SL 1967, ch 131; SDCL, § 58-28-5; SL 1971, ch 266, § 1 (5).

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Bluebook (online)
South Dakota § 58-28-17, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-28-17.