S.D. Codified Laws § 21-3A-7
This is the official text of S.D. Codified Laws § 21-3A-7, part of South Dakota’s Codified Laws — part of the compiled statutory law of South Dakota, published by the state as "Codified Laws." Browse the sections below, each linked to its official government source.
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Security authorized for payment of judgment for periodic installments
Official statutory text
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:
(1) Bond executed by a qualified insurer;
(2) Annuity contract executed by a qualified insurer;
(3) Evidence of applicable and collectible liability insurance with one or more qualified insurers;
(4) An agreement by one or more qualified insurers to guarantee payment of the judgment; or
(5) Any other satisfactory form of security.
Security complying with this section serves also as a required supersedeas bond.
Source: SL 1986, ch 163, § 7.
(1) Bond executed by a qualified insurer;
(2) Annuity contract executed by a qualified insurer;
(3) Evidence of applicable and collectible liability insurance with one or more qualified insurers;
(4) An agreement by one or more qualified insurers to guarantee payment of the judgment; or
(5) Any other satisfactory form of security.
Security complying with this section serves also as a required supersedeas bond.
Source: SL 1986, ch 163, § 7.
Status: in_force · Read it on the official government site
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