{"data":{"id":"us-sd/sdcl-58-5-131","jurisdiction":"us-sd","citation":"SDCL § 58-5-131","heading":"Filing and hearing on consolidation or merger plan--Grounds for disapproval.","body":"No such merger or consolidation shall go into effect until the plan and agreement therefor is filed with the director and approved by him after a hearing thereon. Such plan and agreement shall be approved by the director within a reasonable time unless he finds such plan or agreement:\n(1) Is contrary to law; or\n(2) Is inequitable to the policyholders of any domestic insurer involved; or\n(3) Would substantially reduce the security of and service to be rendered to policyholders of the domestic insurer.","path":["TITLE 58. INSURANCE","CHAPTER 58-5. ORGANIZATION AND GENERAL POWERS OF INSURERS"],"source_url":"https://sdlegislature.gov/Statutes/58-5-131","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"0d7504c1316e175cdf8281d1e0c33cb4f7864e37a3747642cdf10054fcc006b6","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-5-130","next":"us-sd/sdcl-58-5-132"},"notice":"GroundRules: Original legal text. Not legal advice."}