<html> <head> <title>Rule 20:06:04:08 Profits in estates.</title> <META NAME="Keywords" Content="Administrative Rules 20:06:04:08"> <META NAME="Description" Content="Administrative Rules 20:06:04:08 Profits in estates."> <meta name=Generator content="Microsoft Office HTML Filter 2.0"> <meta http-equiv=Content-Type content="text/html; charset=windows-1252"> <meta name=Originator content="Microsoft Word 10"> <style> <!-- --> </style> </head> <body lang=EN-US> <div> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>20:06:04:08.&nbsp;&nbsp;Profits in estates.</b> After the 12-month period following their appointment or qualification the persons named in §&nbsp;20:06:04:07 shall be required to file reports under SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-69">58-5-69</A> with respect to the securities held by the estates which they administer and shall be liable for profits realized from trading in such securities pursuant to SDCL 58-5-71 to 58-5-73, inclusive, only when the estate being administered is a beneficial owner of more than 10 percent of any class of equity security of an insurer subject to the act.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Source:</b> 4 SDR 6, effective August 9, 1977; 12 SDR 151, 12 SDR 155, effective July 1, 1986.</p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>General Authority:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-77">58-5-77.</A></p> <p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <b>Law Implemented:</b> SDCL <A HREF="/statutes/DisplayStatute.aspx?Type=Statute&Statute=58-5-73">58-5-73.</A></p> </div> </body> </html>