South Dakota § 58-28-15 - Securities in which investment authorized--Not considered in applying company's investment limitations.
Full text of South Dakota South Dakota Codified Laws § 58-28-15 — Securities in which investment authorized--Not considered in applying company's investment limitations., with citation guidance and answers to common questions.
§ 58-28-15. Securities in which investment authorized--Not considered in applying company's investment limitations.
Except as may be provided with respect to reserves for guaranteed benefits and funds referred to in § 58-28-14, amounts allocated to any separate account and accumulations thereon may be invested and reinvested:
(1) In any class of investments which are authorized by chapter 58-27, except as provided in § 58-27-51 or 58-27-51.1, and except that limitations on the amount of assets which may be invested in the various classes of investments imposed in chapter 58-27 does not apply;
(2) In shares registered on a national securities exchange, although the same do not meet the dividend paying requirements of § 58-27-23;
(3) In the securities of an open-end investment company or companies registered under the Investment Company Act of 1940.
The investments in such separate account or accounts may not be taken into account in applying the investment limitations otherwise applicable to the investments of the insurer.
Source: SL 1966, ch 111, ch 6, § 36 (4); § 36 (2) as amended by SL 1967, ch 131; SDCL, § 58-28-2; SL 1969, ch 132; SL 1971, ch 266, § 1 (2); SL 1997, ch 294, § 34.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-28-15
What does South Dakota Codified Laws § 58-28-15 cover?
Section 58-28-15 ("Securities in which investment authorized--Not considered in applying company's investment limitations.") 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 § 58-28-15?
A common citation format is "South Dakota Codified Laws § 58-28-15" (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 § 58-28-15 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.