South Dakota § 58-5-129 - Stock acquisition plan deemed merger--Approval required.
Full text of South Dakota South Dakota Codified Laws § 58-5-129 — Stock acquisition plan deemed merger--Approval required., with citation guidance and answers to common questions.
§ 58-5-129. Stock acquisition plan deemed merger--Approval required.
Any plan by which a stock insurer proposes to acquire a substantial or controlling stock interest in another stock insurer through an exchange of stock is deemed to be a plan of merger which requires the approval of the director of the Division of Insurance in accordance with provisions of §§ 58-5-131 to 58-5-133, inclusive.
Source: SL 1966, ch 111, ch 16, § 38 (6).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5-129
What does South Dakota Codified Laws § 58-5-129 cover?
Section 58-5-129 ("Stock acquisition plan deemed merger--Approval required.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 58-5-129?
A common citation format is "South Dakota Codified Laws § 58-5-129" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 58-5-129 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.