South Dakota Codified Laws 58-41-7. Financial statements required with application
Current as of: 2023 | Check for updates
|
Other versions
Each application for a certificate of authority shall include financial statements showing the applicant’s assets, liabilities, and sources of financial support. If the applicant’s financial affairs are audited by independent certified public accountants, a copy of the applicant’s most recent regular certified financial statement shall be deemed to satisfy this requirement unless the director directs that additional or more recent financial information is required for the proper administration of this chapter.
Terms Used In South Dakota Codified Laws 58-41-7
- 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.
Source: SL 1974, ch 321, § 6 (7).