58-5-76. Arbitrage transactions exempt from insider trading restrictions.The provisions of §§58-5-69 to 58-5-73, inclusive, shall not apply to foreign or domestic arbitrage transactions unless contrary to such rules and regulations as the insurance director may adopt in order to carry out the purpose of §§58-5-68 to 58-5-78, inclusive. Source: SL 1966, ch 111, ch 16, §27 (5).
South Dakota Legal Code