South Dakota Codified Laws 58-5-146. Types of asset acquisitions subject to chapter
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Asset acquisitions subject to this chapter include every purchase, lease, exchange, merger, consolidation, succession, or other acquisition other than the construction or development of real property by or for the reporting insurer or the acquisition of materials related thereto.
Terms Used In South Dakota Codified Laws 58-5-146
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1995, ch 275, § 3.