South Dakota Codified Laws 58-27-37. Bonds or notes secured by mortgage or trust deed guaranteed byadministrator of veterans’ affairs
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An insurer may invest any of its funds in bonds or notes secured by mortgage or trust deed guaranteed or insured as to principal in whole or in part by the administrator of veterans’ affairs pursuant to the provisions of title III of an act of Congress of the United States of June 22, 1944, entitled the “Servicemen’s Readjustment Act of 1944,” as amended.
Terms Used In South Dakota Codified Laws 58-27-37
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1966, ch 111, ch 6, § 24 (5).