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2019 South Dakota Codified Laws
Title 58 - Insurance
Chapter 29A - Insurance Guaranty Association
§ 58-29A-60 General corporate powers of association.
Universal Citation: SD Codified L § 58-29A-60 (2019)
58-29A-60. General corporate powers of association. The association may:
(1) Employ or retain such persons as are necessary to handle claims and perform other duties of the association;
(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, ยง 7.
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