South Dakota Statutes

§ 58-34-12 — Action on bond or to recover against deposit.

South Dakota § 58-34-12
JurisdictionSouth Dakota
Title 58INSURANCE
Ch. 58-34RECIPROCAL INSURERS

This text of South Dakota § 58-34-12 (Action on bond or to recover against deposit.) 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 § 58-34-12 (2026).

Text

Action on the attorney's bond or to recover against any such deposit made in lieu thereof may be brought at any time by one or more subscribers suffering loss through a violation of its conditions or by a receiver or liquidator of the insurer. Amounts recovered on the bond shall be deposited in and become part of the insurer's funds. The total aggregate liability of the surety shall be limited to the amount of the penalty of such bond.

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Legislative History

SL 1966, ch 111, ch 19, § 14.

Nearby Sections

15
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Bluebook (online)
South Dakota § 58-34-12, Counsel Stack Legal Research, https://law.counselstack.com/statute/sd/58-34-12.