South Dakota § 58-29C-61 Stay of proceedings against insolvent insurer--Default judgment set aside.

South Dakota Statutes

§ 58-29C-61 — Stay of proceedings against insolvent insurer--Default judgment set aside.

South Dakota § 58-29C-61

Title 58INSURANCE

Ch. 58-29ALIFE AND HEALTH INSURANCE GUARANTY ASSOCIATION

This text of South Dakota § 58-29C-61 (Stay of proceedings against insolvent insurer--Default judgment set aside.) 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 § 58-29C-61 (2026).

Text

All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed one hundred eighty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict, or finding based on default the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.

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All proceedings in which the insolvent insurer is a party in any court in this state shall be stayed one hundred eighty days from the date an order of liquidation, rehabilitation, or conservation is final to permit proper legal action by the association on any matters germane to its powers or duties. As to judgment under any decision, order, verdict, or finding based on default the association may apply to have such judgment set aside by the same court that made such judgment and shall be permitted to defend against such suit on the merits.