S.D. Codified Laws § 58-5-155

Current through the 2024 Legislative Session

Section 58-5-155 - Qualified education loan insurer subject to Title 58-Exceptions

Any qualified education loan insurer is subject to the provisions of Title 58 except as otherwise specifically provided in §§ 58-5-154 to 58-5-160, inclusive. Notwithstanding any other provision of Title 58, a qualified education loan insurer is not subject to the following provisions of Title 58 and any rules promulgated to implement any such provisions:

(1) Sections 58-4-48 and 58-5-85;

(2) Subdivision 58-5-7(5) to the extent that this subdivision permits only one class of authorized voting common stock or otherwise restricts the authorization of preferred stock, with or without voting rights; and

(3) Chapter 58-5A.

SDCL 58-5-155

SL 1998, ch 287, §2; SL 2021, ch 210, §2.

Amended by S.L. 2021, ch. 210,s. 2, eff. 7/1/2021.