Section 10-40-14 - Valuation of estates dependent on lives in being. - South Dakota Statutes

10-40-14. Valuation of estates dependent on lives in being. The value of every future or limited estate, income, interest, or annuity, dependent upon any life or lives in being, shall be determined by the rule, method, and standard of mortality and value employed by the director of the Division of Insurance in ascertaining the value of policies of life insurance and annuities for the determination of liabilities of life insurance companies, except that the rate of interest for making such computation shall be seven and one-half percent per year.

Source: SL 1915, ch 217, § 12, subdiv 1; SL 1918, ch 27, § 1; RC 1919, § 6841; SDC 1939, § 57.2317; SL 1973, ch 2, § 49; SL 1991, ch 94.