South Dakota Codified Laws 58-27-32. Real estate mortgages and deeds of trust
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An insurer may invest any of its funds in bonds, notes, or other evidences of indebtedness which are secured by first mortgages or deeds of trust on improved unencumbered real property located in the United States.
Terms Used In South Dakota Codified Laws 58-27-32
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
Source: SL 1966, ch 111, ch 6, § 24 (1).