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Code · South Dakota · Title 58 · Chapter 58-29

58-29B-141. Domiciliary receiver, conservator, or liquidator appointed while liquidation proceeding--Duty to act as ancillary receiver.

77 words·~1 min read·/sd/title-58/chapter-58-29/58-29b-141·

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

If a domiciliary receiver, conservator, or liquidator is appointed in a reciprocal state while a liquidation is proceeding under this section the liquidator under this section shall thereafter act as ancillary receiver under §§ 58-29B-145 to 58-29B-148 , inclusive. If a domiciliary liquidator is appointed in a nonreciprocal state while a liquidation is proceeding under this section the liquidator may petition the court for permission to act as ancillary receiver under §§ 58-29B-145 to 58-29B-150 , inclusive.
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