South Dakota Statutes
§ 58-5-131 — Filing and hearing on consolidation or merger plan--Grounds for disapproval.
South Dakota § 58-5-131
This text of South Dakota § 58-5-131 (Filing and hearing on consolidation or merger plan--Grounds for disapproval.) 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 § 58-5-131 (2026).
Text
No such merger or consolidation shall go into effect until the plan and agreement therefor is filed with the director and approved by him after a hearing thereon. Such plan and agreement shall be approved by the director within a reasonable time unless he finds such plan or agreement:
(1)Is contrary to law; or (2) Is inequitable to the policyholders of any domestic insurer involved; or (3) Would substantially reduce the security of and service to be rendered to policyholders of the domestic insurer.
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Legislative History
SL 1966, ch 111, ch 16, § 38 (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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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 § 58-5-131, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-5-131.