Statutes > South Dakota Statutes > Title 58 - INSURANCE > Chapter 26 - Valuation Of Assets, Liabilities And Reserves > Section 58-26-4 - Preferred or guaranteed stocks--Method of computing value approved bydirector.

Section 58-26-4 - Preferred or guaranteed stocks--Method of computing value approved bydirector.

58-26-4. Preferred or guaranteed stocks--Method of computing value approved by director. Preferred or guaranteed stocks or shares while paying full dividends may be carried at a fixed value in lieu of market value, at the discretion of the director and in accordance with such method of computation as he may approve.

Source: SL 1966, ch 111, ch 5, § 13 (2).