Liability of beneficiary of fraudulent transfer.

  1. Law
  2. South Dakota Codified Laws
  3. Insurance
  4. Insurers Supervision, Rehabilitation And Liquidation
  5. Liability of beneficiary of fraudulent transfer.

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58-29B-61.1. Liability of beneficiary of fraudulent transfer.

Any person receiving any property or benefit from the insurer which is a fraudulent transfer under §58-29B-61 is personally liable and shall account to the liquidator concerning it.

Source: SL 1992, ch 351, §9.


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