<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 21-3A-7 - Security authorized for payment of judgment for periodic installments. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2045826Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2045826SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2045826CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2045826Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2045826DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2045826Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } p.s2045826Normal-000002 { text-indent: 0.25in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2045826000003 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2045826SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2045826SCL-000004 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2045826Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=21-3A-7"><span class="s2045826SENU">21-3A-7</span></a><span xml:space="preserve" class="s2045826SENU">. </span><span class="s2045826CL">Security authorized for payment of judgment for periodic installments.</span></p><p dir="ltr" class="s2045826Normal-000000"><span class="s2045826DefaultParagraphFont">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:</span></p><p dir="ltr" class="s2045826Normal-000001"><span class="s2045826DefaultParagraphFont">(1)    Bond executed by a qualified insurer;</span></p><p dir="ltr" class="s2045826Normal-000001"><span class="s2045826DefaultParagraphFont">(2)    Annuity contract executed by a qualified insurer;</span></p><p dir="ltr" class="s2045826Normal-000001"><span class="s2045826DefaultParagraphFont">(3)    Evidence of applicable and collectible liability insurance with one or more qualified insurers;</span></p><p dir="ltr" class="s2045826Normal-000001"><span class="s2045826DefaultParagraphFont">(4)    An agreement by one or more qualified insurers to guarantee payment of the judgment; or</span></p><p dir="ltr" class="s2045826Normal-000001"><span class="s2045826DefaultParagraphFont">(5)    Any other satisfactory form of security.</span></p><p dir="ltr" class="s2045826Normal-000002"><span class="s2045826DefaultParagraphFont">Security complying with this section serves also as a required supersedeas bond.</span></p><p dir="ltr" class="s2045826Normal"><span xml:space="preserve" class="s2045826000003"> </span></p><p dir="ltr" class="s2045826Normal"><span class="s2045826SCL">Source:</span><span xml:space="preserve" class="s2045826SCL-000004"> SL 1986, ch 163, § 7.</span></p></div></body></html>