58-29A-60. General corporate powers of association.
The association may:
(1)Employ or retain such persons as are necessary to handle claims and perform other duties of the association;
(2)Borrow funds necessary to effect the purposes of this chapter in accord with the plan of operation;
(3)Sue or be sued. The power to sue includes the power and right to intervene as a party before any court in this state that has jurisdiction over an insolvent insurer as defined by this chapter;
(4)Negotiate and become a party to such contracts as are necessary to carry out the purpose of this chapter;
(5)Perform such other acts as are necessary or proper to effectuate the purpose of this chapter.
Source: SL 2000, ch 247, §7.