South Dakota Statutes

§ 58-5A-61 — Petition to seize or sequester voting securities acquired in violation of chapter.

South Dakota·Title 58 INSURANCE·Ch. 58-4A INSURANCE HOLDING COMPANIES
An insurer or the director may petition the court in Hughes County for an order to seize or sequester any voting securities of the insurer owned directly or indirectly by a person if that person has acquired or is proposed to acquire any voting securities in violation of this chapter.

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South Dakota § 58-5A-61 (Petition to seize or sequester voting securities acquired in violation of chapter.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1992, ch 341, § 28.

Nearby Sections

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