{"data":{"id":"us-sd/sdcl-58-27-38","jurisdiction":"us-sd","citation":"SDCL § 58-27-38","heading":"Equity of seller of real property in contract for deed--Maximum amount of investment.","body":"An insurer may invest any of its funds in the equity of the seller of real property in a contract for deed, covering the entire balance due on a bona fide sale of such property, in amount not to exceed ten thousand dollars or the amount permissible under §§ 58-27-52 to 58-27-60, inclusive, whichever is greater, in any one such contract for deed; nor in any amount in excess of the following percentages of the actual sale price or fair value of the property, whichever is the smaller:\n(1) If a dwelling primarily designed for single-family occupancy and occupied by the purchaser under such contract, seventy-five percent.\n(2) In all other cases, seventy-five percent.","path":["TITLE 58. INSURANCE","CHAPTER 58-27. LOANS AND INVESTMENTS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-27-38","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"28c47cadff2ff0f9f0be4b19aa8836eb1a1e230d7f3c764b1fa519e4d19bffab","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-27-37","next":"us-sd/sdcl-58-27-39"},"notice":"GroundRules: Original legal text. Not legal advice."}