South Dakota Statutes
§ 58-5-13 — Deposit by incorporators of mutual insurer in lieu of bond--Amount.
South Dakota § 58-5-13
This text of South Dakota § 58-5-13 (Deposit by incorporators of mutual insurer in lieu of bond--Amount.) 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 § 58-5-13 (2026).
Text
In lieu of such bond, such incorporators may deposit with the director twenty - five thousand dollars or United States government bonds, negotiable and payable to the bearer, with a market value at all times of not less than twenty - five thousand dollars, to be held in trust upon the same conditions as required for such bond.
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Legislative History
SL 1966, ch 111, ch 16, § 10 (2).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-5-13, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-13.