South Dakota § 58-5-131 - Filing and hearing on consolidation or merger plan--Grounds for disapproval.
Full text of South Dakota South Dakota Codified Laws § 58-5-131 — Filing and hearing on consolidation or merger plan--Grounds for disapproval., with citation guidance and answers to common questions.
§ 58-5-131. Filing and hearing on consolidation or merger plan--Grounds for disapproval.
No such merger or consolidation shall go into effect until the plan and agreement therefor is filed with the director and approved by him after a hearing thereon. Such plan and agreement shall be approved by the director within a reasonable time unless he finds such plan or agreement:
(1) Is contrary to law; or
(2) Is inequitable to the policyholders of any domestic insurer involved; or
(3) Would substantially reduce the security of and service to be rendered to policyholders of the domestic insurer.
Source: SL 1966, ch 111, ch 16, § 38 (2).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-5-131
What does South Dakota Codified Laws § 58-5-131 cover?
Section 58-5-131 ("Filing and hearing on consolidation or merger plan--Grounds for disapproval.") 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 § 58-5-131?
A common citation format is "South Dakota Codified Laws § 58-5-131" (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 § 58-5-131 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.