58-26-7. Appraisal for valuation of other real property.
62 words·~1 min read·
/sd/title-58/chapter-58-26/58-26-7·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Real property held by an insurer, other than that described in § 58-26-5 , shall not be valued at an amount in excess of fair value as determined by recent appraisal. If valuation is based on an appraisal more than three years old, the director may at his discretion call for and require a new appraisal in order to determine fair value.