58-46-9. Dividends and distributions.No captive insurance company may pay a dividend out of, or other distribution with respect to, capital or surplus, in excess of the limitations set forth in §58-5A-35, without the prior approval of the director. Source: SL 1996, ch 287, §9; SL 2009, ch 272, §5; SL 2013, ch 257, §8.
South Dakota Legal Code