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.

Terms Used In South Dakota Codified Laws 58-5-128

  • State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2

Source: SL 1966, ch 111, ch 16, § 38 (1); SL 1982, ch 352, § 1; SL 1983, ch 371, § 1.