SDCL § 58-5-64: Stock ownership not a prohibited pecuniary interest.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-5. ORGANIZATION AND GENERAL POWERS OF INSURERS
Any of the persons referred to in §§ 58-5-61 to 58-5-63, inclusive, shall not be deemed pecuniarily interested in any transaction with another corporation in which such person has no pecuniary interest other than ownership of stock or other securities issued by such corporation and representing a relatively trivial interest therein.
Collected 2026-09-03T15:18:57Z. Source file · JSON