South Dakota § 58-5A-46 Acquisition and involved insurer defined.

South Dakota Statutes

§ 58-5A-46 — Acquisition and involved insurer defined.

South Dakota § 58-5A-46

Title 58INSURANCE

Ch. 58-4AINSURANCE HOLDING COMPANIES

This text of South Dakota § 58-5A-46 (Acquisition and involved insurer defined.) 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 § 58-5A-46 (2026).

Text

The following definitions shall only apply to §§ 58-5A-47 to 58-5A-53 , inclusive:

(1)"Acquisition," any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes the acquisition of voting securities, assets, bulk reinsurance, and mergers; and (2) "Involved insurer," an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired or is the result of a merger.

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The following definitions shall only apply to §§ 58-5A-47 to 58-5A-53 , inclusive: (1) "Acquisition," any agreement, arrangement, or activity the consummation of which results in a person acquiring directly or indirectly the control of another person, and includes the acquisition of voting securities, assets, bulk reinsurance, and mergers; and (2) "Involved insurer," an insurer which either acquires or is acquired, is affiliated with an acquirer or acquired or is the result of a merger.