South Dakota Codified Laws 58-7-31. Levy upon deposited assets and securities
Current as of: 2023 | Check for updates
|
Other versions
No judgment creditor or other claimant of an insurer shall have the right to levy or to proceed by any remedies, provisional or otherwise, upon any of the assets or securities of the insurer held on deposit in this state. As to deposits pursuant to the retaliatory law, §§ 58-6-70 to 58-6-73, inclusive, levy thereupon shall be permitted if so provided in the director’s order under which the deposit is made.
Terms Used In South Dakota Codified Laws 58-7-31
- 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
Source: SL 1966, ch 111, ch 7, § 12.