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.

South Dakota § 58-5-112
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-112 (Provisions as to borrowed surplus inapplicable to loans in ordinary course of business or secured by pledge or mortgage.) 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 § 58-5-112 (2026).

Text

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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Legislative History

SL 1966, ch 111, ch 16, § 34 (5).

Nearby Sections

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Bluebook (online)
South Dakota § 58-5-112, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-112.