{"data":{"id":"us-sd/sdcl-58-29b-63","jurisdiction":"us-sd","citation":"SDCL § 58-29B-63","heading":"Transfers of insurer's real property after petition filed--Recording of copy of petition as constructive notice.","body":"After a petition for rehabilitation or liquidation has been filed a transfer of any of the real property of the insurer made to a person acting in good faith shall be valid against the receiver if made for a present fair equivalent value, or, if not made for a present fair equivalent value, then to the extent of the present consideration actually paid therefor, for which amount the transferee shall have a lien on the property so transferred. The commencement of a proceeding in rehabilitation or liquidation shall be constructive notice upon the recording of a copy of the petition for or order of rehabilitation or liquidation with the register of deeds in the county where any real property in question is located. The exercise by a court of the United States or any state or jurisdiction to authorize or effect a judicial sale of real property of the insurer within any county in any state may not be impaired by the pendency of such a proceeding unless the copy is recorded in the county prior to the consummation of the judicial sale.","path":["TITLE 58. INSURANCE","CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION"],"source_url":"https://sdlegislature.gov/Statutes/58-29B-63","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"082f86bfd381aaa03114237ae6a1f75d2e19488b8964cee4f7706af94094b4dd","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-29b-62","next":"us-sd/sdcl-58-29b-64"},"notice":"GroundRules: Original legal text. Not legal advice."}