South Dakota Codified Laws 10-35-6. Capitalization and financial data given in annual report
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The report required by § 10-35-3 shall show the following details concerning the financial organization and operation of the company:
(1) The amount of capital stock authorized and the amount issued as preferred stock, or as common stock, with the present actual cash value of the same;
Terms Used In South Dakota Codified Laws 10-35-6
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
(2) All assets and liabilities;
(3) All receipts and disbursements.
Source: SL 1929, ch 247, § 3; SDC 1939, § 57.1903 (3).