South Dakota § 58-29B-142 - Director's application to act as receiver--Grounds.
Full text of South Dakota South Dakota Codified Laws § 58-29B-142 — Director's application to act as receiver--Grounds., with citation guidance and answers to common questions.
§ 58-29B-142. Director's application to act as receiver--Grounds.
On the same grounds as are specified in § 58-29B-138, the director may petition any appropriate federal district court to be appointed receiver to liquidate that portion of the insurer's assets and business over which that court will exercise jurisdiction, or any lesser part thereof that the director deems desirable for the protection of the policyholders and creditors in this state.
Source: SL 1989, ch 436, § 142.
Source: official South Dakota text · Last verified 2026-08-27
Frequently Asked Questions About South Dakota § 58-29B-142
What does South Dakota Codified Laws § 58-29B-142 cover?
Section 58-29B-142 ("Director's application to act as receiver--Grounds.") 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 § 58-29B-142?
A common citation format is "South Dakota Codified Laws § 58-29B-142" (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 § 58-29B-142 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.