58-29B-129. Disposition of funds not distributed.
86 words·~1 min read·
/sd/title-58/chapter-58-29/58-29b-129·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
All funds withheld under §§ 58-29B-112 to 58-29B-114 , inclusive, and not distributed shall upon discharge of the liquidator be deposited with the state treasurer and paid by him in accordance with § 58-29B-123 . Any sums remaining which under § 58-29B-123 would revert to the undistributed assets of the insurer shall be transferred to the state treasurer and become the property of the state under § 58-29B-128 , unless the director in his discretion petitions the court to reopen the liquidation under § 58-29B-131 .