South Dakota § 58-29B-129 Disposition of funds not distributed.

South Dakota Statutes

§ 58-29B-129 — Disposition of funds not distributed.

South Dakota § 58-29B-129

Title 58INSURANCE

Ch. 58-29AINSURERS SUPERVISION, REHABILITATION AND LIQUIDATION

This text of South Dakota § 58-29B-129 (Disposition of funds not distributed.) 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-129 (2026).

Text

All funds withheld under §§ 58-29B-112 to 58-29B-114 , inclusive, and not distributed shall upon discharge of the liquidator be deposited with the state treasurer and paid by him in accordance with § 58-29B-123 . Any sums remaining which under § 58-29B-123 would revert to the undistributed assets of the insurer shall be transferred to the state treasurer and become the property of the state under § 58-29B-128 , unless the director in his discretion petitions the court to reopen the liquidation under § 58-29B-131 .

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All funds withheld under §§ 58-29B-112 to 58-29B-114 , inclusive, and not distributed shall upon discharge of the liquidator be deposited with the state treasurer and paid by him in accordance with § 58-29B-123 . Any sums remaining which under § 58-29B-123 would revert to the undistributed assets of the insurer shall be transferred to the state treasurer and become the property of the state under § 58-29B-128 , unless the director in his discretion petitions the court to reopen the liquidation under § 58-29B-131 .