{"data":{"id":"us-sd/sdcl-58-29b-87","jurisdiction":"us-sd","citation":"SDCL § 58-29B-87","heading":"Setoff or counterclaim not allowed.","body":"No setoff or counterclaim may be allowed in favor of any person if:\n(1) The obligation of the insurer to the person would not at the date of the filing of a petition for liquidation entitle the person to share as a claimant in the assets of the insurer; or\n(2) The obligation of the insurer to the person was purchased by or transferred to the person with a view to its being used as a setoff; or\n(3) The obligation of the person is to pay an assessment levied against the members or subscribers of the insurer, or is to pay a balance upon a subscription to the capital stock of the insurer, or is in any other way in the nature of a capital contribution.","path":["TITLE 58. INSURANCE","CHAPTER 58-29B. INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION"],"source_url":"https://sdlegislature.gov/Statutes/58-29B-87","current_through":"2026-08-31","vintage":"","retrieved_at":"2026-09-03T15:18:57Z","sha256":"64c58cfa2da7358fb752de546878c47dce9f1de13679fbc7b87f866963081feb","source_id":"us-sd","stale":true,"prev":"us-sd/sdcl-58-29b-86","next":"us-sd/sdcl-58-29b-88"},"notice":"GroundRules: Original legal text. Not legal advice."}