S.D. Codified Laws § 58-29B-141

Current through the 2024 Legislative Session

Section 58-29B-141 - Domiciliary receiver, conservator, or liquidator appointed while liquidation proceeding-Duty to act as ancillary receiver

If a domiciliary receiver, conservator, or liquidator is appointed in a reciprocal state while a liquidation is proceeding under this section the liquidator under this section shall thereafter act as ancillary receiver under §§ 58-29B-145 to 58-29B-148, inclusive. If a domiciliary liquidator is appointed in a nonreciprocal state while a liquidation is proceeding under this section the liquidator may petition the court for permission to act as ancillary receiver under §§ 58-29B-145 to 58-29B-150, inclusive.

SDCL 58-29B-141

SL 1989, ch 436, § 141; SL 2008, ch 271, §1.