South Dakota § 58-29A-60 - General corporate powers of association.
Full text of South Dakota South Dakota Codified Laws § 58-29A-60 — General corporate powers of association., with citation guidance and answers to common questions.
§ 58-29A-60. General corporate powers of association.
The association may:
(1) Employ or retain such persons as are necessary to handle claims and perform other duties of the association;
(2) Borrow funds necessary to effect the purposes of this chapter in accord with the plan of operation;
(3) Sue or be sued. The power to sue includes the power and right to intervene as a party before any court in this state that has jurisdiction over an insolvent insurer as defined by this chapter;
(4) Negotiate and become a party to such contracts as are necessary to carry out the purpose of this chapter;
(5) Perform such other acts as are necessary or proper to effectuate the purpose of this chapter.
Source: SL 2000, ch 247, § 7.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-29A-60
What does South Dakota Codified Laws § 58-29A-60 cover?
Section 58-29A-60 ("General corporate powers of association.") 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-60?
A common citation format is "South Dakota Codified Laws § 58-29A-60" (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-60 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.