SDCL § 58-29A-60: General corporate powers of association.
Where this section sits in the code
- TITLE 58. INSURANCE
- 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