58-5-128. Merger or consolidation of stock insurers.
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/sd/title-58/chapter-58-5/58-5-128A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A domestic stock insurer may merge or consolidate with other domestic or foreign insurers authorized to transact insurance in this state, by complying with the applicable statutes of this state that govern the merger or consolidation of corporations formed for profit but subject to the provisions of §§ 58-5-129 to 58-5-133 , inclusive.