South Dakota Codified Laws 58-27-36. Bonds or notes secured by mortgage or trust deed guaranteed by federalhousing administration
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An insurer may invest any of its funds in bonds or notes secured by mortgage or trust deed guaranteed or insured by the federal housing administration under the terms of an act of Congress of the United States of June 27, 1934, entitled the “National Housing Act,” as amended.
Terms Used In South Dakota Codified Laws 58-27-36
- Deed: The legal instrument used to transfer title in real property from one person to another.
- Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Source: SL 1966, ch 111, ch 6, § 24 (4).