South Dakota Statutes
§ 58-46-9 — Dividends and distributions.
South Dakota § 58-46-9
This text of South Dakota § 58-46-9 (Dividends and distributions.) 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 § 58-46-9 (2026).
Text
No captive insurance company may pay a dividend out of, or other distribution with respect to, capital or surplus, in excess of the limitations set forth in § 58-5A-35 , without the prior approval of the director.
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Legislative History
SL 1996, ch 287, § 9; SL 2009, ch 272, § 5; SL 2013, ch 257, § 8.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-46-9, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-46-9.