South Dakota Codified Laws 58-5-157. Investment of funds in securities
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In addition to any investment permitted pursuant to § 58-5-156, a qualified education loan insurer may also invest any amount in common stock, preferred stock, debt obligations, and other securities, including without limitation, membership in a limited liability company, of any subsidiary engaged or organized to engage in any of the following:
(1) The principal or beneficial ownership and management of assets authorized as investments for the qualified education loan insurer under § 58-5-156; or
Terms Used In South Dakota Codified Laws 58-5-157
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
(2) The origination, administration, and servicing of education loans, the provision of services to any school, lender, student, and borrower and otherwise providing services for any educational purposes.
Source: SL 1998, ch 287, § 4.