South Dakota Administrative Rules
Title 20 - PUBLIC SAFETY
Article 20:06 - INSURANCE
Chapter 20:06:04 - Insider trading of equity securities
Section 20:06:04:04 - When beneficial owners are record owners
Universal Citation: SD Admin Rules 20:06:04:04
Current through Register Vol. 50, page 114, March 25, 2024
Notwithstanding § 20:06:04:02, if the insurer knows or has reason to know that the form of holding securities of record is used primarily to circumvent the provisions of the act, the beneficial owners of such securities shall be deemed to be the record owners thereof.
General Authority: SDCL 58-5-77.
Law Implemented: SDCL 58-5-68.
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