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

58-29B-4. Delinquency proceedings sole and exclusive remedy--Commencement of proceedings by director.

56 words·~1 min read·/sd/title-58/chapter-58-29/58-29b-4

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Delinquency proceedings pursuant to this chapter shall constitute the sole and exclusive method of liquidating, rehabilitating, reorganizing, or conserving an insurer, and no court may entertain a petition for the commencement of such proceedings, or any other similar procedure, unless it has been filed in the name of the state on the relation of the director.
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