Public-domain · open source
OpenJurist

S.D. Codified Laws § 58-29B-138

Director's application to liquidate assets of foreign or alien insurer--Grounds

Known as the Insurers Supervision, Rehabilitation, and Liquidation Act

The act spans §§ 58-29B-1–58-29B-99 (167 sections).

Source: SL 1989, ch 436, § 138.

If a domiciliary receiver has not been appointed, the director may apply to the circuit court of Hughes County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer or an alien insurer not domiciled in this state, on any of the following grounds:

(1) Any of the grounds in § 58-29B-31 or 58-29B-41; or

(2) Any of the grounds specified in subdivisions 58-29B-134(2) to (4), inclusive.

Official source: South Dakota Legislature. Reproduced from public-domain South Dakota statutes; confirm against the official source for the current text. Not legal advice.