South Dakota Codified Laws — Title 10 (Taxation)

SDCL § 10-44-3 — Farm mutual insurers and fraternal benefit societies exempt from tax

Farm mutual insurers organized and operating under chapter 58-35 and fraternal benefit societies organized, licensed, or operating under chapter 58-37A are hereby declared to constitute a distinct and separate classification of insurance companies and shall be exempt from the tax imposed by this chapter.

Last amended: Source: SL 1951, ch 456 , § 3; SDC Supp 1960, § 57.35A03; SL 2007, ch 55 , § 1.

Source: official text