Purchase money mortgage or other securities received by insurer upon sale or exchange of real property.

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Loans And Investments Of Insurers
  5. Purchase money mortgage or other securities received by insurer upon sale or exchange of real property.

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58-27-40. Purchase money mortgage or other securities received by insurer upon sale or exchange of real property.

An insurer may invest any of its funds in purchase money mortgages or like securities received by it upon the sale or exchange of real property acquired pursuant to §58-27-50.

Source: SL 1966, ch 111, ch 6, §24 (3).


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