S.D. Codified Laws § 58-5-157

Current through the 2024 Legislative Session

Section 58-5-157 - Investment of funds in securities

In addition to any investment permitted pursuant to § 58-5-156, a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:

(1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156; or

(2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.

SDCL 58-5-157

SL 1998, ch 287, §4.