South Dakota § 58-5-74 - Registered and closely held securities exempt from insider trading restrictions.
Full text of South Dakota South Dakota Codified Laws § 58-5-74 — Registered and closely held securities exempt from insider trading restrictions., with citation guidance and answers to common questions.
§ 58-5-74. Registered and closely held securities exempt from insider trading restrictions.
The provisions of §§ 58-5-69 to 58-5-73, inclusive, shall not apply to equity securities of a domestic stock insurance company if:
(1) Such securities shall be registered, or shall be required to be registered, pursuant to section 12 of the Securities Exchange Act of 1934, as amended, or if
(2) Such domestic stock insurance company shall not have any class of its equity securities held of record by one hundred or more persons on the last business day of the year next preceding the year in which equity securities of the company would be subject to the provisions of §§ 58-5-69 to 58-5-73, inclusive, except for the provisions of this subdivision (2).
Source: SL 1966, ch 111, ch 16, § 27 (7).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5-74
What does South Dakota Codified Laws § 58-5-74 cover?
Section 58-5-74 ("Registered and closely held securities exempt from insider trading restrictions.") 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 § 58-5-74?
A common citation format is "South Dakota Codified Laws § 58-5-74" (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 § 58-5-74 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.