South Dakota § 58-16-28 - Maximum amount repayable in installments to creditor--Duration of insurance--Limited to amount of unpaid indebtedness.
Full text of South Dakota South Dakota Codified Laws § 58-16-28 — Maximum amount repayable in installments to creditor--Duration of insurance--Limited to amount of unpaid indebtedness., with citation guidance and answers to common questions.
§ 58-16-28. Maximum amount repayable in installments to creditor--Duration of insurance--Limited to amount of unpaid indebtedness.
The amount of insurance under § 58-16-23 on the life of any debtor shall at no time exceed the amount owed by him which is repayable in installments to the creditor. Where the indebtedness is repayable in one sum to the creditor, the insurance on the life of any debtor shall in no instance be in effect for a period in excess of eighteen months except that such insurance may be continued for an additional period not exceeding six months in the case of default, extension or recasting of the loan. The amount of the insurance on the life of any debtor shall at no time exceed the amount of the unpaid indebtedness.
Source: SL 1966, ch 111, ch 24, § 1 (2) (d).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-16-28
What does South Dakota Codified Laws § 58-16-28 cover?
Section 58-16-28 ("Maximum amount repayable in installments to creditor--Duration of insurance--Limited to amount of unpaid indebtedness.") 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 § 58-16-28?
A common citation format is "South Dakota Codified Laws § 58-16-28" (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 § 58-16-28 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.