South Dakota Codified Laws 58-27-14. Certificates of deposit in federally insured banks
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An insurer may invest in certificates of deposit in any bank that is a member of the federal deposit insurance corporation.
Terms Used In South Dakota Codified Laws 58-27-14
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Source: SL 1966, ch 111, ch 6, § 18; SL 1971, ch 265, § 1; SL 1974, ch 316.