ARSD 20:06:03:16. Opposition solicitation

If any solicitation on behalf of management or any other person has been made, or if proxy material is ready for distribution, prior to a solicitation subject to this section in opposition thereto, a statement in duplicate containing the information specified in §§ 20:06:03:37 to 20:06:03:40, inclusive, shall be filed with the director of insurance, by or on behalf of each participant in such prior solicitation, other than the insurer, as soon as reasonably practicable after the commencement of the solicitation in opposition thereto.