South Dakota § 21-3A-7 - Security authorized for payment of judgment for periodic installments.
Full text of South Dakota South Dakota Codified Laws § 21-3A-7 — Security authorized for payment of judgment for periodic installments., with citation guidance and answers to common questions.
§ 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.
Source: SL 1986, ch 163, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 21-3A-7
What does South Dakota Codified Laws § 21-3A-7 cover?
Section 21-3A-7 ("Security authorized for payment of judgment for periodic installments.") is part of the South Dakota Codified Laws, the codified statutory law of South Dakota. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite South Dakota § 21-3A-7?
A common citation format is "South Dakota Codified Laws § 21-3A-7" (South Dakota). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of South Dakota law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the South Dakota official source linked on this page or consult a licensed South Dakota attorney.
How does South Dakota § 21-3A-7 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in South Dakota can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in South Dakota.