S.D. Codified Laws § 21-3A-7

Current through the 2024 Legislative Session

Section 21-3A-7 - Security authorized for payment of judgment for periodic installments

Security authorized or required for payment of a judgment for periodic installments entered in accordance with this chapter shall be in one or more of the following forms and approved by the court:

(1) Bond executed by a qualified insurer;

(2) Annuity contract executed by a qualified insurer;

(3) Evidence of applicable and collectible liability insurance with one or more qualified insurers;

(4) An agreement by one or more qualified insurers to guarantee payment of the judgment; or

(5) Any other satisfactory form of security.

Security complying with this section serves also as a required supersedeas bond.

SDCL 21-3A-7

SL 1986, ch 163, § 7.