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

SDCL § 58-29B-75: Lien by legal or equitable proceedings--Superiority to rights of transferee.

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Where this section sits in the code
  1. TITLE 58. INSURANCE
  2. CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION

A lien obtainable by legal or equitable proceedings could become superior to the rights of a transferee, or a purchaser could obtain rights superior to the rights of a transferee within the meaning of §§ 58-29B-69 to 58-29B-72, inclusive, if such consequences would follow only from the lien or purchase itself, or from the lien or purchaser, with or without the aid of ministerial action by public officials. Such a lien could not, however, become superior and such a purchase could not create superior rights for the purpose of §§ 58-29B-69 to 58-29B-72, inclusive, through any acts subsequent to the obtaining of such a lien or subsequent to such a purchase which require the agreement or concurrence of any third party or which require any further judicial action or ruling.

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

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