South Dakota Statutes

§ 58-29B-140 — Order to liquidate in whatever terms court deems appropriate--Filing--Notice imparted.

South Dakota·Title 58 INSURANCE·Ch. 58-29A INSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
If it appears to the court that the best interests of creditors, policyholders, and the public require, the court may issue an order to liquidate in whatever terms it deems appropriate. The filing or recording of the order with the clerk of the circuit court of Hughes County or the register of deeds of the county in which the principal business of the company is located or the county in which its principal office or place of business is located, shall impart the same notice as a deed, bill of sale, or other evidence of title duly filed or recorded with that register of deeds would have imparted.

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South Dakota § 58-29B-140 (Order to liquidate in whatever terms court deems appropriate--Filing--Notice imparted.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1989, ch 436, § 140.

Nearby Sections

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