Section 58-29A-60 - General corporate powers of associationThe 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.