<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 58-29B-138 - Director's application to liquidate assets of foreign or alien insurer--Grounds. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2076248Normal { 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.s2076248SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076248CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2076248Normal-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.s2076248DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2076248Normal-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; } span.s2076248000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2076248SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2076248SCL-000003 { 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="s2076248Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-29B-138"><span class="s2076248SENU">58-29B-138</span></a><span xml:space="preserve" class="s2076248SENU">. </span><span class="s2076248CL">Director's application to liquidate assets of foreign or alien insurer--Grounds.</span></p><p dir="ltr" class="s2076248Normal-000000"><span class="s2076248DefaultParagraphFont">If a domiciliary receiver has not been appointed, the director may apply to the circuit court of Hughes County by verified petition for an order directing him to liquidate the assets found in this state of a foreign insurer or an alien insurer or an alien insurer not domiciled in this state, on any of the following grounds:</span></p><p dir="ltr" class="s2076248Normal-000001"><span xml:space="preserve" class="s2076248DefaultParagraphFont">(1)    Any of the grounds in § </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-29B-31"><span class="s2076248DefaultParagraphFont">58-29B-31</span></a><span xml:space="preserve" class="s2076248DefaultParagraphFont"> or </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=58-29B-41"><span class="s2076248DefaultParagraphFont">58-29B-41</span></a><span class="s2076248DefaultParagraphFont">; or</span></p><p dir="ltr" class="s2076248Normal-000001"><span class="s2076248DefaultParagraphFont">(2)    Any of the grounds specified in subdivisions 58-29B-134(2) to (4), inclusive.</span></p><p dir="ltr" class="s2076248Normal"><span xml:space="preserve" class="s2076248000002"> </span></p><p dir="ltr" class="s2076248Normal"><span class="s2076248SCL">Source:</span><span xml:space="preserve" class="s2076248SCL-000003"> SL 1989, ch 436, § 138.</span></p></div></body></html>