58-5A-18. Acquisition, divestiture, or merger without approval as misdemeanor.No person may effectuate or attempt to effectuate an acquisition of control of, divestiture of, or merger with, a domestic insurer unless it has been approved by the director. A violation of this section is a Class 2 misdemeanor. Source: SL 1972, ch 267, §§12 (2), 36; SDCL Supp, §58-5A-42; SL 1978, ch 359, §2; SL 2015, ch 246, §6.
South Dakota Legal Code