South Dakota Codified Laws 58-29A-60. General corporate powers of association
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The association may:
(1) Employ or retain such persons as are necessary to handle claims and perform other duties of the association;
Terms Used In South Dakota Codified Laws 58-29A-60
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
- State: when used in context signifying a jurisdiction other than the State of South Dakota, a state, the District of Columbia, a territory, commonwealth, or possession of the United States of America, or a province of the Dominion of Canada. See South Dakota Codified Laws 58-1-2
(2) Borrow funds necessary to effect the purposes of this chapter in accord with the plan of operation;
(3) Sue or be sued. The power to sue includes the power and right to intervene as a party before any court in this state that has jurisdiction over an insolvent insurer as defined by this chapter;
(4) Negotiate and become a party to such contracts as are necessary to carry out the purpose of this chapter;
(5) Perform such other acts as are necessary or proper to effectuate the purpose of this chapter.
Source: SL 2000, ch 247, § 7.