Restrictions on purchase of cash value life insurance contracts.

  1. Law
  2. South Dakota Codified Laws
  3. Banks and Banking
  4. General Powers Of Banks
  5. Restrictions on purchase of cash value life insurance contracts.

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51A-4-42. Restrictions on purchase of cash value life insurance contracts.

A bank may purchase cash value life insurance contracts under such limits and restrictions as the commission may prescribe by rules promulgated pursuant to chapter 1-26.

Source: SL 1993, ch 350.


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