South Dakota Statutes
§ 58-29B-80 — Extent of surety discharge under releasing bond or similar obligation.
South Dakota § 58-29B-80
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-29AINSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
This text of South Dakota § 58-29B-80 (Extent of surety discharge under releasing bond or similar obligation.) 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-80 (2026).
Text
The liability of a surety under a releasing bond or other like obligation shall be discharged to the extent of the value of the indemnifying property recovered or the indemnifying lien nullified and avoided by the liquidator or, if the property is retained under § 58-29B-79 , to the extent of the amount paid to the liquidator.
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Legislative History
SL 1989, ch 436, § 80.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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-80, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-29B-80.