South Dakota § 58-27-86 - Approval of banking acquisition required--Considerations in determining--Conditions.
Full text of South Dakota South Dakota Codified Laws § 58-27-86 — Approval of banking acquisition required--Considerations in determining--Conditions., with citation guidance and answers to common questions.
§ 58-27-86. Approval of banking acquisition required--Considerations in determining--Conditions.
Any acquisition under § 58-27-85 is subject to approval by the Division of Insurance. In considering an application for approval, the division may consider whether, in the case of an insurance company, the economic advantages to the state in terms of employment and capital investment are adequate to permit approval of the application. Any approval granted to an insurance company or an insurance holding company by the division is subject to such conditions as the division deems necessary and to the division's continuing authority to ascertain the insurance company's compliance with the provisions of this section and the conditions of approval.
Source: SL 1983, ch 376, § 11.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-27-86
What does South Dakota Codified Laws § 58-27-86 cover?
Section 58-27-86 ("Approval of banking acquisition required--Considerations in determining--Conditions.") 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 § 58-27-86?
A common citation format is "South Dakota Codified Laws § 58-27-86" (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 § 58-27-86 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.