The provisions of §§ 47-1A-901 to 47-1A-956 , inclusive, may not be used to effect a transaction that converts an insurance company organized on the mutual principle to one organized on a stock-share basis. Source: SL 2005, ch 239 , § 194.
Excluded transactions
SDCL § 47-1A-901 — under SOUTH DAKOTA BUSINESS CORPORATION ACT.
SDCL § 47-1A-901