49-16A-110. Insurance--Railroad may procure.Each railroad owning or operating a road in this state has an insurable interest in the property on the route of the road owned or operated by it and may procure insurance on its own behalf for its protection against damages. Source: SDC 1939, §52.0941; SDCL, §49-26-6; SL 1980, ch 322, §109.
South Dakota Legal Code