South Dakota Statutes
§ 58-5-74 — Registered and closely held securities exempt from insider trading restrictions.
The provisions of §§ 58-5-69 to 58-5-73 , inclusive, shall not apply to equity securities of a domestic stock insurance company if:
(1)Such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended, or if (2) Such domestic stock insurance company shall not have any class of its equity securities held of record by one hundred or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of §§ 58-5-69 to 58-5-73 , inclusive, except for the provisions of this subdivision (2).
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South Dakota § 58-5-74 (Registered and closely held securities exempt from insider trading restrictions.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1966, ch 111, ch 16, § 27 (7).
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.