South Dakota Statutes
§ 58-29B-123 — Valuation made under supervision of court--Treatment of deficiency and surrender of security.
South Dakota § 58-29B-123
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-29AINSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
This text of South Dakota § 58-29B-123 (Valuation made under supervision of court--Treatment of deficiency and surrender of security.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
S.D. Codified Laws § 58-29B-123 (2026).
Text
The determination made pursuant to § 58-29B-122 shall be under the supervision and control of the court with due regard for the recommendation of the liquidator. The amount so determined shall be credited upon the secured claim, and any deficiency shall be treated as an unsecured claim. If the claimant shall surrender his security to the liquidator, the entire claim shall be allowed as if unsecured.
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Legislative History
SL 1989, ch 436, § 123.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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.Cite This Page — Counsel Stack
Bluebook (online)
South Dakota § 58-29B-123, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-29B-123.