{"data":{"id":"us-sd/sdcl-58-27-72","jurisdiction":"us-sd","citation":"SDCL § 58-27-72","heading":"Extension of time for disposal of real estate--Election to hold as investment for income purposes, acquisition cost.","body":"Upon proof satisfactory to him that the interests of the insurer will suffer materially by the forced sale thereof, the director may by order grant a reasonable extension of the period, as specified in such order, within which the insurer shall dispose of any particular parcel of such real estate; unless the insurer elects to hold such real estate as an investment for income purposes under subdivision 58-27-50(6), in which event thereafter such real estate shall be deemed to have been acquired at a cost equal to its book value at the time of such election and to be held under, and subject to, the provisions of subdivision 58-27-50(6).","path":["TITLE 58. INSURANCE","CHAPTER 58-27. LOANS AND INVESTMENTS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-27-72","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"1cd560858e45fdbbe5514c5ccccdac22a3dd64b9978191a1ea6fb4547ed61a87","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-27-71","next":"us-sd/sdcl-58-27-73"},"notice":"GroundRules: Original legal text. Not legal advice."}