58-27-26. Investments in stock of majority owned subsidiary corporations.
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/sd/title-58/chapter-58-27/58-27-26·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
With the consent of the director of the Division of Insurance, an insurer may invest in the stock of its majority owned subsidiary insurance corporation; or in the stock of any other majority owned corporation.