South Dakota Statutes
§ 58-35-5 — Incorporators--Number and property ownership required for state mutual insurer.
South Dakota § 58-35-5
This text of South Dakota § 58-35-5 (Incorporators--Number and property ownership required for state mutual insurer.) 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 § 58-35-5 (2026).
Text
One hundred or more individuals residing in this state, each of whom is at least twenty - one years of age, who collectively own farm property as referred to in § 58-35-29 valued at not less than five hundred thousand dollars which they desire to insure, and each of whom owns farm or ranch land situated in this state valued at not less than five thousand dollars, may incorporate as a state mutual insurer.
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Legislative History
SL 1966, ch 111, ch 17, § 7 (1).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-35-5, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-35-5.