South Dakota Codified Laws 58-29A-81. Proration of payments when assets insufficient for full payment
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If the maximum assessment, together with the other assets of the association in any account, does not provide in any one year in any account an amount sufficient to make all necessary payments from that account, the funds available shall be prorated and the unpaid portion shall be paid as soon thereafter as funds become available.
Terms Used In South Dakota Codified Laws 58-29A-81
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 2000, ch 247, § 28.