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Statutes > South Dakota Laws > Title 58 - INSURANCE > Chapter 27 - Loans And Investments Of Insurers > Section 58-27-41 - Maximum loan on security of real property--Misdemeanor.

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SOUTH DAKOTA STATUTES AND CODES

Section 58-27-41 - Maximum loan on security of real property--Misdemeanor.

58-27-41. Maximum loan on security of real property--Misdemeanor. An insurer shall not make or acquire a loan or loans upon the security of any one parcel of real property in aggregate amount in excess of ten thousand dollars or more than the amount permissible under § 58-27-53, whichever is the greater. Violation of this section is a Class 2 misdemeanor.

Source: SL 1966, ch 111, ch 6, § 26 (2); SL 1978, ch 359, § 2.

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