South Dakota Codified Laws 58-29B-12. Directors and deputies responsible for official bonds–Source of payment
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In any proceeding under this chapter, the director and his deputies shall be responsible on their official bonds for the faithful performance of their duties. If the court deems it desirable for the protection of the assets, it may at any time require an additional bond from the director or his deputies, and such bonds shall be paid for out of the assets of the insurer as a cost of administration.
Terms Used In South Dakota Codified Laws 58-29B-12
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
Source: SL 1989, ch 436, § 12.