SDCL § 58-29B-129: Disposition of funds not distributed.
Where this section sits in the code
- TITLE 58. INSURANCE
- CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
All funds withheld under §§ 58-29B-112 to 58-29B-114, inclusive, and not distributed shall upon discharge of the liquidator be deposited with the state treasurer and paid by him in accordance with § 58-29B-123. Any sums remaining which under § 58-29B-123 would revert to the undistributed assets of the insurer shall be transferred to the state treasurer and become the property of the state under § 58-29B-128, unless the director in his discretion petitions the court to reopen the liquidation under § 58-29B-131.
Collected 2026-09-03T15:18:57Z. Source file · JSON