Section 58-5-130 - Compensation for promoting merger or consolidation of stock insurers. - South Dakota Statutes

58-5-130. Compensation for promoting merger or consolidation of stock insurers. No director, officer, insurance producer, or employee of any insurer party to such merger or consolidation may receive any fee, commission, compensation, or other valuable consideration whatsoever for aiding, promoting, or assisting therein except as set forth in such plan and agreement.

Source: SL 1966, ch 111, ch 16, § 38 (3); SL 2001, ch 286, § 73.