South Dakota § 58-5-157 Investment of funds in securities.

South Dakota Statutes

§ 58-5-157 — Investment of funds in securities.

South Dakota § 58-5-157

Title 58INSURANCE

Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-157 (Investment of funds in securities.) 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 § 58-5-157 (2026).

Text

In addition to any investment permitted pursuant to § 58-5-156 , a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:

(1)The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156 ; or (2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.

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In addition to any investment permitted pursuant to § 58-5-156 , a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following: (1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156 ; or (2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.