South Dakota § 58-12-7 - Premiums paid on annuity with intent to defraud creditors not exempt from execution.
Full text of South Dakota South Dakota Codified Laws § 58-12-7 — Premiums paid on annuity with intent to defraud creditors not exempt from execution., with citation guidance and answers to common questions.
§ 58-12-7. Premiums paid on annuity with intent to defraud creditors not exempt from execution.
Section 58-12-6 does not apply to amounts paid as premium on any such annuity with the intent to defraud creditors, with interest thereon, and of which the creditor has given the insurer written notice at its home office prior to the making of the payments to the annuitant out of which the creditor seeks to recover. Any such notice shall specify the amount claimed or such facts as will enable the insurer to ascertain such amount, and shall set forth such facts as will enable the insurer to ascertain the annuity contract, the annuitant and the payment sought to be avoided on the ground of fraud.
Source: SL 1966, ch 111, ch 22, § 32 (1) (a).
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-12-7
What does South Dakota Codified Laws § 58-12-7 cover?
Section 58-12-7 ("Premiums paid on annuity with intent to defraud creditors not exempt from execution.") 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 § 58-12-7?
A common citation format is "South Dakota Codified Laws § 58-12-7" (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 § 58-12-7 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.