South Dakota Codified Laws 49-16A-110. Insurance–Railroad may procure
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Each railroad owning or operating a road in this state has an insurable interest in the property on the route of the road owned or operated by it and may procure insurance on its own behalf for its protection against damages.
Terms Used In South Dakota Codified Laws 49-16A-110
- Damages: Money paid by defendants to successful plaintiffs in civil cases to compensate the plaintiffs for their injuries.
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SDC 1939, § 52.0941; SDCL, § 49-26-6; SL 1980, ch 322, § 109.