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South Dakota · Through 2026-08-31 · Newer source version available

SDCL § 58-29A-60: General corporate powers of association.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-29A. INSURANCE GUARANTY ASSOCIATION

The association may:

(1) Employ or retain such persons as are necessary to handle claims and perform other duties of the association;

(2) Borrow funds necessary to effect the purposes of this chapter in accord with the plan of operation;

(3) Sue or be sued. The power to sue includes the power and right to intervene as a party before any court in this state that has jurisdiction over an insolvent insurer as defined by this chapter;

(4) Negotiate and become a party to such contracts as are necessary to carry out the purpose of this chapter;

(5) Perform such other acts as are necessary or proper to effectuate the purpose of this chapter.

Collected 2026-09-03T15:18:57Z. Source file · JSON

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