{"data":{"id":"us-sd/sdcl-58-29a-60","jurisdiction":"us-sd","citation":"SDCL § 58-29A-60","heading":"General corporate powers of association.","body":"The association may:\n(1) Employ or retain such persons as are necessary to handle claims and perform other duties of the association;\n(2) Borrow funds necessary to effect the purposes of this chapter in accord with the plan of operation;\n(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;\n(4) Negotiate and become a party to such contracts as are necessary to carry out the purpose of this chapter;\n(5) Perform such other acts as are necessary or proper to effectuate the purpose of this chapter.","path":["TITLE 58. INSURANCE","CHAPTER 58-29A. INSURANCE GUARANTY ASSOCIATION"],"source_url":"https://sdlegislature.gov/Statutes/58-29A-60","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"1c12a39530276b8bd166c88d10c06565df4a43b32b633dd78fb22d394d30e016","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-29a-59","next":"us-sd/sdcl-58-29a-61"},"notice":"GroundRules: Original legal text. Not legal advice."}