South Dakota Statutes
§ 58-29B-81 — Preferred creditor--Setoff for new credit issued in good faith.
South Dakota § 58-29B-81
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-29AINSURERS SUPERVISION, REHABILITATION AND LIQUIDATION
This text of South Dakota § 58-29B-81 (Preferred creditor--Setoff for new credit issued in good faith.) 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-81 (2026).
Text
If a creditor has been preferred, and afterward in good faith gives the insurer further credit without security of any kind, for property which becomes a part of the insurer's estate, the amount of the new credit remaining unpaid at the time of the petition may be set off against the preference which would otherwise be recoverable from him.
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Legislative History
SL 1989, ch 436, § 81.
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Repealed by SL 2012, ch 252, § 30.§ 58-1-2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-81, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-29B-81.