South Dakota § 58-27-93 - Written plans for making medium or lower grade obligations--Contents of plan--Deadline.
Full text of South Dakota South Dakota Codified Laws § 58-27-93 — Written plans for making medium or lower grade obligations--Contents of plan--Deadline., with citation guidance and answers to common questions.
§ 58-27-93. Written plans for making medium or lower grade obligations--Contents of plan--Deadline.
The board of directors of any domestic insurance company which acquires or invests in, directly or indirectly, medium or lower grade obligations of any institution, shall adopt a written plan for the making of those investments. The plan, in addition to guidelines with respect to the quality of the issues invested in, shall contain diversification standards including standards for issuer, industry, duration, liquidity, and geographic location. Within one year from July 1, 1992, the board shall have adopted a plan.
Source: SL 1992, ch 350, § 5.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-27-93
What does South Dakota Codified Laws § 58-27-93 cover?
Section 58-27-93 ("Written plans for making medium or lower grade obligations--Contents of plan--Deadline.") 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 § 58-27-93?
A common citation format is "South Dakota Codified Laws § 58-27-93" (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 § 58-27-93 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.