58-5-110. Legal liabilities of insurer on borrowed funds--Disclosure in financial statement.Money borrowed pursuant to §58-5-108, together with the interest thereon if so stipulated in the agreement, shall not form a part of the insurer's legal liabilities except as to its surplus in excess of the amount thereof stipulated in the agreement, or be the basis of any setoff; but until repaid, financial statements filed or published by the insurer shall show as a footnote thereto the amount thereof then unpaid together with any interest thereon accrued but unpaid. Source: SL 1966, ch 111, ch 16, §34 (2).
South Dakota Legal Code