South Dakota § 58-29A-56 - Creation of association--Membership--Exercise of powers.
Full text of South Dakota South Dakota Codified Laws § 58-29A-56 — Creation of association--Membership--Exercise of powers., with citation guidance and answers to common questions.
§ 58-29A-56. Creation of association--Membership--Exercise of powers.
There is created a nonprofit unincorporated legal entity to be known as the South Dakota Insurance Guaranty Association. Any insurer defined as a member insurer in subdivision 58-29A-55(9) is a member of the association as a condition of its authority to transact insurance in this state. The association shall perform its functions under a plan of operation established and approved under §§ 58-29A-83 to 58-29A-87, inclusive, and shall exercise its powers through a board of directors established under §§ 58-29A-57 and 58-29A-58.
Source: SL 2000, ch 247, § 3.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-29A-56
What does South Dakota Codified Laws § 58-29A-56 cover?
Section 58-29A-56 ("Creation of association--Membership--Exercise of powers.") 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 § 58-29A-56?
A common citation format is "South Dakota Codified Laws § 58-29A-56" (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 § 58-29A-56 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.