South Dakota Statutes
§ 58-5-112 — Provisions as to borrowed surplus inapplicable to loans in ordinary course of business or secured by pledge or mortgage.
Sections 58-5-108 to 58-5-111 , inclusive, shall not apply to loans obtained by an insurer in the ordinary course of business from banks and other financial institutions, nor to loans secured by pledge or mortgage of assets.
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South Dakota § 58-5-112 (Provisions as to borrowed surplus inapplicable to loans in ordinary course of business or secured by pledge or mortgage.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 16, § 34 (5).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.