Illegal dividends--Revocation or suspension of certificate of authority.

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Organization And General Powers Of Insurers
  5. Illegal dividends--Revocation or suspension of certificate of authority.

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58-5-113. Illegal dividends--Revocation or suspension of certificate of authority.

The director may revoke or suspend the certificate of authority of an insurer which has declared or paid a dividend contrary to the general corporation laws of this state.

Source: SL 1966, ch 111, ch 16, §33.


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