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79 chapters · 3,426 sections in this title.
SDCL § 58-5-69 Statement of ownership of insurance company filed with director--Change of ownership, time for statement
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Every person who is directly or indirectly the beneficial owner of more than ten percent of any class of any equity security of a domestic stock insurance company, or who is a director or an officer of such company, shall file in the office of the director of the Division of Insu…
SDCL § 58-5-7 Articles of incorporation--Execution and acknowledgment--Contents
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The incorporators shall execute and acknowledge articles of incorporation in triplicate. The articles of incorporation must state: (1) The name of the corporation; if a mutual, the word "mutual" must be a part of the name. An alternative name or names may be specified for use in …
SDCL § 58-5-70 Short sales by insider as misdemeanor--Delivery of securities sold, when required
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It shall be a Class 2 misdemeanor for any such beneficial owner, director, or officer, directly or indirectly, to sell any equity security of such company if the person selling the security or his principal: (1) Does not own the security sold; or (2) If owning the security, does …
SDCL § 58-5-71 Profits from insider security transactions accruing to company
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For the purpose of preventing the unfair use of information which may have been obtained by such beneficial owner, director, or officer by reason of his relationship to such company, any profit realized by him from any purchase and sale, or any sale and purchase, of any equity se…
