South Dakota § 58-5-74 Registered and closely held securities exempt from insider trading restrictions.

South Dakota Statutes

§ 58-5-74 — Registered and closely held securities exempt from insider trading restrictions.

South Dakota § 58-5-74

Title 58INSURANCE

Ch. 58-4AORGANIZATION AND GENERAL POWERS OF INSURERS

This text of South Dakota § 58-5-74 (Registered and closely held securities exempt from insider trading restrictions.) 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 § 58-5-74 (2026).

Text

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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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).