South Dakota § 21-3A-7 Security authorized for payment of judgment for periodic installments.

South Dakota Statutes

§ 21-3A-7 — Security authorized for payment of judgment for periodic installments.

South Dakota·Title 21 JUDICIAL REMEDIES·Ch. 21-3A PERIODIC PAYMENTS OF CERTAIN JUDGMENTS AND SETTLEMENTS

Security authorized or required for payment of a judgment for periodic installments entered in accordance with this chapter shall be in one or more of the following forms and approved by the court:

(1)Bond executed by a qualified insurer;

(2)Annuity contract executed by a qualified insurer;

(3)Evidence of applicable and collectible liability insurance with one or more qualified insurers;

(4)An agreement by one or more qualified insurers to guarantee payment of the judgment; or (5) Any other satisfactory form of security. Security complying with this section serves also as a required supersedeas bond.

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Security authorized or required for payment of a judgment for periodic installments entered in accordance with this chapter shall be in one or more of the following forms and approved by the court: (1) Bond executed by a qualified insurer; (2) Annuity contract executed by a qualified insurer; (3) Evidence of applicable and collectible liability insurance with one or more qualified insurers; (4) An agreement by one or more qualified insurers to guarantee payment of the judgment; or (5) Any other satisfactory form of security. Security complying with this section serves also as a required supersedeas bond.

South Dakota § 21-3A-7 (Security authorized for payment of judgment for periodic installments.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.