South Dakota Codified Laws 58-29B-138. Director’s application to liquidate assets of foreign or alien insurer–Grounds
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If a domiciliary receiver has not been appointed, the director may apply to the circuit court of Hughes County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer or an alien insurer not domiciled in this state, on any of the following grounds:
(1) Any of the grounds in § 58-29B-31 or 58-29B-41; or
Terms Used In South Dakota Codified Laws 58-29B-138
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
- 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) Any of the grounds specified in subdivisions 58-29B-134(2) to (4), inclusive.
Source: SL 1989, ch 436, § 138.