58-27-25. Insurer acquiring controlling interest in another stock insurer--Limitation as to amount.
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/sd/title-58/chapter-58-27/58-27-25·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
An insurer may acquire and hold the controlling interest in the outstanding voting stock of another stock insurer formed under the laws of this or another state. All stocks under this section shall be subject to the limitation as to amount as provided in § 58-27-27 .