South Dakota Codified Laws 58-27-95. Restructuring of medium or lower grade obligation already held
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A domestic insurer is not prohibited from acquiring an obligation as a result of a restructuring of a medium or lower grade obligation already held.
Terms Used In South Dakota Codified Laws 58-27-95
- Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Source: SL 1992, ch 350, § 7.