58-27-23. Nonassessable common stock of corporation--Insurance stocks excepted.
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/sd/title-58/chapter-58-27/58-27-23·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may invest in nonassessable common shares, trust certificates, or other equity interests, excluding preferred shares, insurance stocks, or acquisitions subject to subdivision 58-27-17(5) or § 58-27-111 , of any solvent institution existing under the laws of the United States of America or Canada, or any state or province thereof.