S.D. Codified Laws § 58-29B-161

Current through the 2024 Legislative Session
Section 58-29B-161 - Ancillary receiver's failure to transfer certain assets

If an ancillary receiver in another state or foreign country, whether called by that name or not, fails to transfer to the domiciliary liquidator in this state any assets within his control other than special deposits, diminished only by the expenses of the ancillary receivership, if any, the claims filed in the ancillary receivership, other than special deposit claims or secured claims, shall be placed in the class of claims under subdivision 58-29B-124(7).

SDCL 58-29B-161

SL 1989, ch 436, § 161.