S.D. Codified Laws § 58-29B-129

Current through the 2024 Legislative Session
Section 58-29B-129 - Disposition of funds not distributed

All funds withheld under §§ 58-29B-112 to 58-29B-114, inclusive, and not distributed shall upon discharge of the liquidator be deposited with the state treasurer and paid by him in accordance with § 58-29B-123. Any sums remaining which under § 58-29B-123 would revert to the undistributed assets of the insurer shall be transferred to the state treasurer and become the property of the state under § 58-29B-128, unless the director in his discretion petitions the court to reopen the liquidation under § 58-29B-131.

SDCL 58-29B-129

SL 1989, ch 436, § 129.