South Dakota § 58-5-155 Qualified education loan insurer subject to Title 58--Exceptions.

South Dakota Statutes

§ 58-5-155 — Qualified education loan insurer subject to Title 58--Exceptions.

South Dakota·Title 58 INSURANCE·Ch. 58-4A ORGANIZATION AND GENERAL POWERS OF INSURERS

Any qualified education loan insurer is subject to the provisions of Title 58 except as otherwise specifically provided in §§ 58-5-154 to 58-5-160 , inclusive. Notwithstanding any other provision of Title 58, a qualified education loan insurer is not subject to the following provisions of Title 58 and any rules promulgated to implement any such provisions:

(1)Sections 58-4-48 and 58-5-85 ;

(2)Subdivision 58-5-7 (5) to the extent that this subdivision permits only one class of authorized voting common stock or otherwise restricts the authorization of preferred stock, with or without voting rights; and (3) Chapter 58-5A .

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Any qualified education loan insurer is subject to the provisions of Title 58 except as otherwise specifically provided in §§ 58-5-154 to 58-5-160 , inclusive. Notwithstanding any other provision of Title 58, a qualified education loan insurer is not subject to the following provisions of Title 58 and any rules promulgated to implement any such provisions: (1) Sections 58-4-48 and 58-5-85 ; (2) Subdivision 58-5-7 (5) to the extent that this subdivision permits only one class of authorized voting common stock or otherwise restricts the authorization of preferred stock, with or without voting rights; and (3) Chapter 58-5A .

South Dakota § 58-5-155 (Qualified education loan insurer subject to Title 58--Exceptions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.