South Dakota Codified Laws 58-5A-61. Petition to seize or sequester voting securities acquired in violation of chapter
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An insurer or the director may petition the court in Hughes County for an order to seize or sequester any voting securities of the insurer owned directly or indirectly by a person if that person has acquired or is proposed to acquire any voting securities in violation of this chapter.
Terms Used In South Dakota Codified Laws 58-5A-61
- Person: includes natural persons, partnerships, associations, cooperative corporations, limited liability companies, and corporations. See South Dakota Codified Laws 2-14-2
- Sequester: To separate. Sometimes juries are sequestered from outside influences during their deliberations.
Source: SL 1992, ch 341, § 28.