South Dakota Codified Laws 58-27-40. Purchase money mortgage or other securities received by insurer upon saleor exchange of real property
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An insurer may invest any of its funds in purchase money mortgages or like securities received by it upon the sale or exchange of real property acquired pursuant to § 58-27-50.
Terms Used In South Dakota Codified Laws 58-27-40
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1966, ch 111, ch 6, § 24 (3).