South Dakota Statutes
§ 58-29A-60 — General corporate powers of association.
The association may:
(1)Employ or retain such persons as are necessary to handle claims and perform other duties of the association;
(2)Borrow funds necessary to effect the purposes of this chapter in accord with the plan of operation;
(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;
(4)Negotiate and become a party to such contracts as are necessary to carry out the purpose of this chapter;
(5)Perform such other acts as are necessary or proper to effectuate the purpose of this chapter.
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Legislative History
SL 2000, ch 247, § 7.
Nearby Sections
15
§ 58-1-1
Citation of title.§ 58-1-11
General saving clause.§ 58-1-13
Severability of provisions.§ 58-1-14
Notice of nonrenewal of policy must be mailed sixty days prior to renewal date--Exceptions.§ 58-1-14.1
Notice of refusal to renew--Thirty§ 58-1-16.1
Applicability of §§ 58-1-18
Repealed by SL 2012, ch 252, § 30.§ 58-1-2
Definition of terms.